Market starts to look toppy

We started the day with a fast move higher. But 45 minutes into the session, the reversal came and we went down just as fast as we went up. Friday's lows stopped the move. 1305 in S&P-futures (131 in SPY) was support on Friday and today in premarket. It will be an important level to watch. Lot's of stops sitting right below I'm sure. Through this support and we'll probably see a fast move lower.

Today the mentioned level held as support. A small bounce followed, and price initially couldn't break Friday's close/high for the second time. But an hour before the end of the session, volume came in and we did regain that level. Nothing spectacular towards the close, we ended the day were we opened, creating doji-candles on the daily charts. These doji's stand for indecision and are mainly seen at tops and bottoms. Which doesn't mean we'll go lower tomorrow. But a pullback or more sideways consolidation wouldn't hurt, we're still at overbought levels.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Metals and oil were doing fine today, in general performing better than indices.

The euro gained again, 5 updays in the last 6 sessions, not bad. And back at the 1.30-level. Interesting to watch the action in the euro the coming days, will it be a dead cat-bounce or a longer-term trend-change?

Some interesting articles for tonight, mainly about gold or gold-related:
A Tantalizing Trade Proposition
Gold ETF Up Against Trendline Resistance
The new new gold rush
Nomura's Longer-Term Perspective On Gold
Josh Brown: Everybody Chill TF Out