It's time to protect profits and capital: We are in correction mode

In the S&P 500 we have confirmed sell signals on the; 
Quarterly 
Monthly 
Weekly and
Daily Charts. 
The last correction of May - November 2011 was 300 points. 
I believe we are headed to at least the 1600-1560 level of the mini S&P. 
That is the top of the 13 year sideways channel between 2000 and 2013. 
It's also the new floor that will support future rallies. 
So we have in fact begun "Sell in May go away" this past week. 
It's time to take profits and preserve capital.