SP500 Target low 1700 in Q1 2014

SP500 1781 last fell below the 200ema (1704) in November 2012, over 15 months ago.  Currently cutting my Long positions on any bounce back to 1800 with re-entry around 1700, which is another 4.5% down from the current market price on Tuesday 28 January 2014.

Note:

All major markets have broken the 50ema and several (China, India and UK ) have broken the 200ema

50ema
Germany DAX (9348/8597)
Japan NIkkei (15548/14347)
USA SP500 (1813/1704)

200ema

China HSI (23226/22494)
India BSE (20898/19924)
UK FTSE (6662/6550)