Support holds, now what's next?

Another insane volatile day! A big gap up got shorted right from the start of the session. The sell-off reversed near yesterday's close and on a longer trendline (see hourly SPY-chart below). We rallied higher, but it was a rally with deep pullbacks, very hard to (day-)trade. Today got mostly influenced by the news that rating agency S&P would downgrade France which was denied afterwards. That probably caused the sell-off, followed by a 'relief'-rally.

5m-chart SPY:

Daily charts DIA, QQQ and SMH. The volume pattern on DIA looks very bearish, low volume on updays, high volume on downdays. Other indices not really confirming this, but still a word of caution here. No need to take risks with support so closeby and looking weaker by the day.

Tech underperforming heavily today, Dow and S&P doing about 1% better than Nasdaq. Russell2000 is somewhere in the middle, but not far behind Dow and S&P.

Gold, silver and even more so, copper lagging stocks today. But oil still keeps advancing, even better than indices. Crude is now approaching 100.