S&P 500 - Daily I'm not a fan of Moving Averages as a trading trigger, but, they can be useful for spotting levels of support and resistance. In the S&P chart above, prices tested the 50 day, recovered from below back to above, then gapped under early last week. It's buzzing around the 100 day this morning and the key here is that if the 100 doesn't hold. the 200 is next. I prefer the Fib areas of support for our trading purposes. Below is QQQ and is Fib targets from Saturday, updated with today's price action. QQQ 2-Day
