Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Thursday's action: Stocks extended Wednesday's tumble on Thursday in a volatile day of trading. News to keep in mind Friday morning: Markets are much higher in early overnight pre-market tradingAt 3:15am ET - Dow futures vs fair value: +430.00. S&P futures vs fair value: +48.00. Nasdaq futures vs fair value: +165.00. Russell 2000 futures vs fair value: +23.75.Keep an eye out for any trade headlines or political risksKeep an eye on the VIXToday's Economic Calendar:8:30 Import/Export Prices9:30 Fed's Evans Speech10:00 Consumer Sentiment00:30 PM Fed's Bostic Speech1:00 PM Baker-Hughes Rig Count10:30 PM Randal Quarles SpeechThe SPY charts are pictured below. The first is a 4-month chart followed by a longer-term 9-month chart. The markets were much lower again on Thursday as traders are still worried about the rising treasury yields and with some technical levels being broken.. The MACD lines are currently negative. The Stochastics are low/oversold. The Money Flow is currently a negative. Big down day yesterday again, but currently the futures are much higher. I am expecting some kind of bounce and support to be found, but don't know exactly where or when. Would guess 275 or 278 levels. I am a bit cautious about the negative money flow, keeping an eye on it. With the big declines in the market it appears we have put in a significant top around 292/293.I would bet we get back over the 200-day moving average.On the 9-month chart, the nice channel since April has been shown. This trend/pattern has been broken to the downside. The next level of support may come around 275 and maybe 280.Nasdaq Composite +6.2% YTDS&P 500 +2.1% YTDDow Jones Industrial Average +1.4% YTDRussell 2000 +0.6% YTDDisclosure: 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.