Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: The S&P 500 gained 8 points on Monday in a tech-led advance. Noticeable gains in Apple ($AAPL 207.22, +4.63, +2.3%), Facebook ($FB 202.32, +23.96, +2.0%), Amazon ($AMZN 1985.63, +21.11, +1.1%), and Microsoft ($MSFT 138.43, +1.81, +1.3%) contributed to the out-performance of the Nasdaq. News to keep in mind Tuesday morning: Futures trade vs fair value were slightly higher late last night... Dow +53, S&P +4, Nasdaq +11, Russell +2.The biggest factors in the market right now are; Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The CBOE Volatility Index is still in the mid-teens which is usually considered a 'risk on' area.For those who watch the VIX for clues about the market, the VIX dropped over 6% on Monday. This drop could mark the start of a new attempt to drift the markets higher.CHINA TRADE WAR remains an ongoing concern along with middle east (Iran) tensions.We are in EARNINGS season. Today's Economic Calendar: Jul 23 09:00 FHFA Housing Price Index MayJul 23 10:00 Existing Home Sales Jun Quick Notes: (none) THE CHARTS: (NOTE: Charts are a good guide but when a tweet or news item can jerk the markets around, they mean a bit less.) The markets were higher on Monday due to the advance in big tech stocks. On the chart, we are still above our support level at 290 and our minor support level at 295 has held up so far. We are still using a bit of caution though. CAUTION: The previous pullback setup is hanging around, as the MACD is showing signs of weakening and has crossed down. The Money Flow has also declined and is now slightly negative. The good news is the Stochastics are low and appear to be cycling upwards as large tech stocks have caught a bid. I am still expecting that 295 will continue to hold and that 290 will be strong support. Resistance is now at the 300 level as we have dropped from that level previously. The MACD is neutral, but has crossed down and in decline. The Stochastics are low. The Money Flow is slightly negative. The 50-day MA (289.17)(+.26) and the 200-day MA (275.69)(+.06) On the 9-month chart below, the previous patterns are behind us. Shown now is the support level at 290 and the new minor support level 295. Nasdaq Composite +23.6% YTDS&P 500 +19.1% YTDDow Jones Industrial Average +16.5% YTDRussell 2000 +14.6% YTD $SPY $DIA $IWM $QQQ Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers.