S&P Post ISM Data (fear) 20/40 or 100 MA?

After Manufacturing data out the US caused fear and a selloff in Global Equities, we can look for new areas likely to be hit.

This comes before key jobs data also out the US.

Key support exists lower, and could be ideal for very, very light longs in a risk off environment.

To the north? Short areas around 20/40 with caution again.

If markets reject current impetus and go with strong economy rhetoric. We may see further rises.