The S&P 500 recently broke support and is now– as of this writing– lingering just below its 200-day simple moving average (SMA). Though there is hope for our equities markets to stay strong throughout the year, a major break in support raises a big red flag.

If the S&P 500 continues to fall, breaking its 200-day SMA, additional support will likely not be found until the index reaches the– somewhat far off– $1,200 level…

Read the full article at: http://seekingalpha.com/article/640361-s-p-breaks-support-83-inverse-equity-etfs-to-use-as-a-hedge