Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: The S&P 500 lost 2 points on Monday in a session that showed little conviction from buyers or sellers. Lingering concerns about global economic growth tempered buying interest and contributed to a further decline in U.S. Treasury yields.News to keep in mind Tuesday morning: Futures trade vs fair value were higher last night - Dow +127, S&P +12, Nasdaq +35, Russell +6.The China trade war news and Fed watching are still the 2 biggest issues to keep an eye on.Keep an eye on the VIX - The Vix is still in the teens. I am looking for it to settle back down a bit.We are staying above the 200-day moving average, this is the next support level under the S&P 2,800 line.Will the futures hold up and the S&P 500 retake the 2,800 level? Good chance I think.The so called "golden cross" will happen today. Will it mean something? Will it get mentioned on CNBC all day? Today's Economic Calendar: 08:30 Housing Starts Feb08:30 Building Permits Feb09:00 FHFA Housing Price Index Jan09:00 S&P Case-Shiller Home Price Index Jan10:00 Consumer ConfidenceQuick Notes: $TMO In M&A news, Thermo Fisher (TMO 268.80, +4.99, +1.9%) will expand its presence in the gene therapy field after announcing it will acquire Brammer Bio for approximately $1.7 billion in cash.THE CHARTS: The markets were mixed on Monday. Not much in the way of change with the charts. As I have been writing here for a while: "Do keep in mind 280 is major resistance line." - Seems we are stuck dancing near it as the bulls and bears fight. Both the 50-day and 200-day MAs are rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. In addition, we are heading towards a "golden cross" as the 50-day is poised to cross back above the 200-day. The MACD is neutral. The Stochastics are neutral and dropping. The Money Flow is a slight negative. Currently we are in between strong resistance and good support. Negative is that we have gone pretty high up into a tough resistance area and higher valuations. Positive is we are seeing strong momentum and some bullish technicals, like the impending 'golden cross'. The 50-day MA (272.44)(+.42) and the 200-day MA (272.50)(+.03) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now WAS/IS the support level at 280. Next support levels are the 200-day moving average near 272.50 and the 270 line. Nasdaq Composite +15.1% YTDRussell 2000 +12.2% YTDS&P 500 +11.6% YTDDow Jones Industrial Average +9.4% YTD$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.