shorter-term traders be aware that the 5-15 minute frame SPY charts have set up in what appears to be a bearish pennant or bear-flag (depending on how one draws the upper trendline).  basically, either way that you draw it, the pattern would trigger on the break of the lower trendline.  my target, should this pattern trigger and play out, would be the 138.56 – 138.60 level.  i’ll post a chart if the pattern started playing out.  for now, just something to keep an eye on.