Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Friday's action: The S&P 500 gained almost 19 points on Friday, capping its best quarter since 2009 fueled by risk-on sentiment and continued trade optimism. Friday's advance pushed the S&P 500 to a gain of 13.1% this quarter.News to keep in mind Monday morning: It is BOOM TIME - Asian markets are soaring overnight on a good economic number out of ChinaFutures trade vs fair value were much higher late last night - Dow +166, S&P +18, Nasdaq +76 Russell +10.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 Vix is still in the teens after dropping under 15 on Thursday. This is a 'risk-on' level.Today's Economic Calendar: 8:30 Retail Sales9:45 PMI Manufacturing Index10:00 Business Inventories10:00 ISM Manufacturing Index10:00 Construction Spending14:00 Auto & Truck SalesQuick Notes: (none)THE CHARTS: The markets were higher on Friday. Still fighting near the S&P 500's 2,800 level. The Tug-of-War continues. BUT - if the futures hold up Monday morning we may finally break above and away from that level and towards the old all-time highs. As I have been writing here for a while: "Do keep in mind 280 is major resistance line." - Seems we are stuck dancing near it as the bulls and bears fight. Both the 50-day and 200-day MAs are rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is neutral. The Stochastics are neutral. The Money Flow is a slight positive - CROSSED to POSITIVE on FRIDAY. All three of these technical measures appear poised to go higher. Currently we are in between strong resistance and strong support. I think this fight goes on until we finally break to the upside. The 50-day MA (274.26)(+.45) and the 200-day MA (272.66)(+.04) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now WAS/IS the support level at 280. Next support level is the 200-day moving average near 272.65 and the next resistance level is at 285. Nasdaq Composite +16.5% YTDRussell 2000 +14.2% YTDS&P 500 +13.1% YTDDow Jones Industrial Average +11.2% 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. Follow us and check back occasionally for additional articles or comments. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.