An inverted H&S that if confirmed would be give a price target just above 197 is worth watching. Also we have a gap below 197 that would be filled with this move. And finally 197.10 are is a 50% retrace of the recent down move from the ATH's. This area also represent the price range in which price broke down from for the move Wed/Thu. If SPY reaches this area i would expect some resistance around 197.