S&P-rating agency bringing the market down - twice

Do I still mention gap ups/downs? Well, anyway, we had another gap up at the open. After price started to form a base, we broke higher but reversed quite early on (=> fake-out and creating a double top intraday). Shortly after, the S&P-rating agency announced it would put 6 triple A-rated EU countries on 'creditwatch negative'. Immediately market broke down overall.

After a small consolidation, it seemed we were going higher (possible intraday bearflag). But than S&P came with the news they would put all 17 EU-countries on creditwatch negative. And the market tanked again. So two fake-outs higher, both followed by a break lower. Bulls came in near the close and started buying, but on the daily chart, it looks more and more like we are near an intermediate or short-term top.

5m-chart SPY:

Daily charts DIA, QQQ and SMH:

Gold and silver going down (copper action slightly better) while stocks were rising (before the breakdown). Precious metals even lost more ground near the close of the session. Oil ending the day breakeven after being in the green for most of the day.
The euro tanked hard on the S&P-news but still ended breakeven.

Trades
I bought a small TZA-position on the S&P-news (long @27.16). Late entry, but ment as a swingtrade. Will add tomorrow when/if I find a good entry point.