Brief Recap and Updates on the MarketsSPY Chart and some Technical Analysis Stocks closed slightly down on Monday as the 10-yr yield remained under 3%. News to keep in mind Tuesday morning: Markets are higher on all the averages in pre-market trading.At 8:35am EST - Dow futures vs fair value: +150.00. S&P futures vs fair value: +16.50. Nasdaq futures vs fair value: +42.00. Today's Economic Calendar 8:55 Redbook Chain Store Sales9:00 S&P Corelogic Case-Shiller Home Price Index9:00 FHFA House Price Index10:00 Consumer Confidence10:00 New Home Sales10:00 Richmond Fed Mfg.10:00 State Street Investor Confidence Index1:00 PM Results of $32B, 2-Year Note Auction On the SPY chart below it is important to note the SPY broke back below and closed below its 50-day MA. The MACD lines are now flat after a positive cross. The Stochastics are declining. The Chaikin is showing money flow still leaving the markets. We are still under a two-headed monster, and I expect volatility to remain elevated. We will continue to use caution buying dips and also selling the rips. The MACD is flat with the Stochastics are declining. Money flow is still leaving the market. I am using a tight trading range with 271.00 the resistance and 265.00 the support. NOTE: Looking out, the 200-day MA is rising while the 50-day was falling, this could lead to the dreaded 'death cross' where the 50-day crosses below the 200-day. In the longer term chart we are in a declining triangle. Nasdaq Composite: +3.3% YTDRussell 2000: +1.7% YTDS&P 500: -0.1% YTDDow Jones Industrial Average: -1.1% YTD 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, we may add additional analysis/observations during the trading day in the comments.