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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.

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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.

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As the red flag has already been raised with the S&P 500's recent break in technical support, a further fall through the index's 200-day SMA will likely send investors running for the hills; i.e. into cash or other hedge investments.

Inverse exchange traded funds move inversely to the index of which they track and, therefore, can be a good option for those looking for this kind of hedge. Below is a list of 83 inverse equity ETFs, sorted by their tracked index:

Alerian MLP Infrastructure Total Return IndexMLPSE-TRACS 1xMonthly Short Alerian MLP Infrastructure Total Return ETN
Bank of New York Mellon BRIC Select ADR IndexBRISDirexion Daily BRIC Bear 2X Shares
Bank of New York Mellon China Select ADR IndexYANGDirexion Daily China Bear 3X ETF
DAXglobal Agribusiness IndexCOWSDaily Agribusiness Bear 3x Shares
DAXglobal Russia IndexRUSSDaily Russia Bear 3x Shares
Dow Jones Industrial AverageSDOWProShares UltraPro Short Dow 30 Fund
Dow Jones Industrial Average IndexDOGShort Dow 30 Proshares
Dow Jones Industrial Average IndexDXDProShares UltraShort Dow 30
Dow Jones U.S. Basic Materials IndexSBMProShares Short Basic Materials
Dow Jones U.S. Basic Materials IndexSMNProShares UltraShort Basic Materials
Dow Jones U.S. Consumer Goods IndexSZKProShares UltraShort Consumer Goods
Dow Jones U.S. Consumer Services IndexSCCProShares UltraShort Consumer Services
Dow Jones U.S. Financials IndexSEFProShares Short Financials
Dow Jones U.S. Financials IndexSKFProShares UltraShort Financials
Dow Jones U.S. Health Care IndexRXDProShares UltraShort Health Care
Dow Jones U.S. Industrials IndexSIJProShares UltraShort Industrials
Dow Jones U.S. Oil & Gas IndexDDGShort Oil and Gas Proshares
Dow Jones U.S. Oil & Gas IndexDUGProShares UltraShort Oil & Gas
Dow Jones U.S. Select Telecommunications IndexTLLProShares UltraShort Telecommunications
Dow Jones U.S. Semiconductors IndexSSGProShares UltraShort Semiconductors
Dow Jones U.S. Technology IndexREWProShares UltraShort Technology
Dow Jones U.S. Utilities IndexSDPProShares UltraShort Utilites
FTSE/Xinhua China 25 IndexFXPProShares UltraShort FTSE China 25
FTSE/Xinhua China 25 IndexYXIProShares Short FTSE China 25
Health Care Select Sector IndexSICKDaily Healthcare Bear 3X Shares
Indus India IndexINDZDirexion Daily India Bear 2X Shares
ISE-REVERE Natural Gas IndexGASXDirexion Daily Natural Gas Related Bear 2x ETF
KBW Regional Banking IndexKRSProShares Short KBW Regional Banking
Materials Select Sector IndexMATSDaily Basic Materials Bear 3X Shares
MSCI Brazil IndexBZQProShares UltraShort MSCI Brazil
MSCI EAFE IndexDPKDeveloped Markets Bear 3x Shares
MSCI EAFE IndexEFUProShares UltraShort MSCI EAFE
MSCI EAFE IndexEFZShort MSCI EAFE Proshares
MSCI EAFE IndexMFSAiPath Short Enhanced MSCI EAFE Index ETN
MSCI Emerging Markets IndexEDZEmerging Markets Bear 3x Shares
MSCI Emerging Markets IndexEEVProShares UltraShort MSCI Emerging Markets
MSCI Emerging Markets IndexEMSAiPath Short Enhanced MSCI Emerging Markets Index ETN
MSCI Emerging Markets IndexEUMShort MSCI Emerging Markets Proshares
MSCI Europe IndexEPVProShares UltraShort MSCI Europe
MSCI Japan IndexEWVProShares UltraShort MSCI Japan
MSCI Mexico Investable Market IndexSMKProShares UltraShort MSCI Mexico Investable Market
MSCI Pacific ex-Japan IndexJPXProShares UltraShort MSCI Pacific ex-Jpn
MSCI US Broad Market IndexTOTSDaily Total Market Bear 1X Shares
n/aHDGEAdvisorShares Active Bear ETF
NASDAQ Biotechnology IndexBISProShares UltraShort Nasdaq Biotechnology
NASDAQ-100 IndexPSQShort QQQ Proshares
NASDAQ-100 IndexQIDProShares UltraShort QQQ
NASDAQ-100 IndexSQQQProShares UltraPro Short QQQ Fund
NYSE Arca Gold Miners IndexDUSTDirexion Daily Gold Miners Bear 2x Shares
PHLX Semiconductor IndexSOXSDirexion Daily Semiconductor Bear 3X Shares
Russell 1000 Energy IndexERYDaily Energy Bear 3x Shares
Russell 1000 Financial Services IndexFAZDirexion Financial Bear 3X Shares
Russell 1000 Growth IndexSFKProShares UltraShort Russell 1000 Growth
Russell 1000 IndexBGZDirexion Large Cap Bear 3X Shares
Russell 1000 IndexROSAiPath Short Extended Russell 1000 TR Index ETN
Russell 1000 Retail IndexRETSDirexion Daily Retail Bear 2x Shares
Russell 1000 Technology IndexTYPDirexion Daily Technology Bear 3X Shares
Russell 1000 Value IndexSJFProShares UltraShort Russell 1000 Value
Russell 2000 Growth IndexSKKProShares UltraShort Russell 2000 Growth
Russell 2000 IndexRTSAiPath Short Extended Russell 2000 TR Index ETN
Russell 2000 IndexRWMShort Russell 2000 Proshares
Russell 2000 IndexSRTYProShares UltraPro Short Russell2000 Fund
Russell 2000 IndexTWMProShares UltraShort Russell 2000
Russell 2000 IndexTZADirexion Small Cap Bear 3X Shares 2013 Russell 2000
Russell 2000 Value IndexSJHProShares UltraShort Russell 2000 Value
Russell 3000 IndexTWQProShares UltraShort Russell 3000
Russell MidCap Growth IndexSDKProShares UltraShort Russell MidCap Growth
Russell Midcap IndexMWNDirexion Daily Mid Cap Bear 3x Shares
Russell MidCap Value IndexSJLUltraShort Russell Mid Cap Value Proshares
S&P 500 Bull/TBond Bear IndexFSAFactorShares 2X: TBond Bull/S&P500 Bear
S&P 500 IndexRSWRydex Inverse 2x S&P 500 ETF
S&P 500 IndexSDSProShares UltraShort S&P 500
S&P 500 IndexSFSAiPath Short Extended S&P 500 TR Index ETN
S&P 500 IndexSHShort S&P 500 Proshares
S&P 500 IndexSPXUProShares UltraPro Short S&P 500
S&P 500 Total Return IndexBXDBBarclays Short B Leveraged Inverse S&P 500 Total Return Index
S&P 500 Total Return IndexBXDCBarclays Short C Leveraged Inverse S&P 500 Total Return Index
S&P Latin America 40 IndexLHBDirexion Daily Latin America Bear 3x Shares
S&P MidCap 400 IndexMYYShort MidCap 400 Proshares
S&P MidCap 400 IndexMZZProShares UltraShort MidCap400
S&P MidCap 400 IndexSMDDProShares UltraPro Short Mid Cap 400 Fund
S&P SmallCap 600 IndexSBBShort Small Cap 600 Proshares
S&P SmallCap 600 IndexSDDProShares UltraShort SmallCap 600

A full list, including Alternative, Bond, Commodity, Currency, Equity, and Real Estate inverse ETFs can be found at http://www.epsilonfinancial.com/research/

Source: S&P Breaks Support: 83 Inverse Equity ETFs To Use As A Hedge

Additional disclosure: Inverse ETFs are generally suggested as short term investments only.