S&P500 correction unfolds; can't say we were not warned?

S&P500 Daily Chart @ Close 01/24/2014

A whole raft of indicators including the McClellan Oscillator (NASDAQ) & ongoing Negative Divergences have been the 'sirens' over the last 6 weeks or so.
The notable expansion in Volume with a lack of gains in 2014 YTD should have been heeded by us all.
The KISS approach here would be to expect the overdue 10% correction to test/ break the trailing 200day SMA circa 1700; no?