Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Friday's action: The S&P 500 gained 13 points on Friday in a broad-based advance that was supported by an Employment Report for March. The index advanced for the seventh straight session. News to keep in mind Monday morning:Futures trade vs fair value were lower late last night - Dow -109, S&P -5, Nasdaq -13, Russell -4.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 down in the teens. This is a 'risk-on'level. Today's Economic Calendar: 10:00 Factory OrdersQuick Notes: (none)THE CHARTS: The markets were higher on Friday. We are now well above the SPY 280 level, which is now support. The 285 line is now where the next fight was taking place. For the moment we have hurdled above that level and potentially 285 will also become support. 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 - and appears to be making an upward cross. The Stochastics are overbought. The Money Flow is a slight positive. NOTE: Due to the Stochastics being overbought, we could have short-term pullback/consolidation, but it should be bought as the MACD, the Money Flow, and other technicals are all positive.The 50-day MA (276.67)(+.52) and the 200-day MA (273.02)(+.09) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280 with the next area of resistance at 290. Above that is the all-time high. Nasdaq Composite +19.6% YTDRussell 2000 +17.4% YTDS&P 500 +15.4% YTDDow Jones Industrial Average +13.3% 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.