Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Monday's action: The S&P 500 tumbled on Monday, as a rout in tech stocks led the broader market lower. A lack of leadership and the continued inclination to sell into strength have translated into a lack of buying interest. News to keep in mind Tuesday morning: Markets are lower in pre-market trading - weak tech again.At 8:30am ET - Dow futures vs fair value: -277.00. S&P futures vs fair value: -28.00. Nasdaq futures vs fair value: -94.50. Russell 2000 futures vs fair value: -11.00.Keep an eye out for any trade headlines or political risksKeep an eye on the VIX - it is up 9% in pre-markets Today's Economic Calendar:8:30 Housing Starts8:55 Redbook Chain Store SalesThe SPY charts are pictured below. The first is a 4-month chart followed by a longer-term 9-month chart. I had 270 as a support level for the SPY, but we have broken below that. Looking at 264-265 area as the next support level. We are still stuck below the 200-day moving average. The MACD is neutral. The Stochastics are neutral. The Money Flow is slightly positive. Watching the 200-day Moving Average: We are currently just below it. This level is often mentioned by traders, but more importantly it is in many computer trading algos. The 200-day can also be used as a moving resistance or support line. Just 2 days till Thanksgiving!On the 9-month chart, the nice channel since April has been shown. This trend/pattern was broken to the downside. Awaiting the emergence of the next pattern. The 265 line is support now, Resistance at 280 and at the 200-day moving average (274.15).Nasdaq Composite +1.8% YTDDow Jones Industrial Average +1.2% YTDS&P 500 +0.6% YTDRussell 2000 -2.5% 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.