What's Next, A Lower High?

Futures were up nice in pre-market and after pulling back towards Friday's close, price rallied for a couple of hours before and during lunch. Another pullback followed in the early afternoon, but we closed strong with a second rally.

Daily charts are showing possible double tops for DIA and S&P. We also see lower highs and lower lows for Nasdaq and small caps (Russell2000). Is this the start of a downtrend or a correction? Or will we be travelling sideways for a couple of weeks/months?

Historically speaking, the last months of the year are often good months for the stock market. But Mr. Market starts to look less appealing in a fundamental point of view. Everyone's seeing recessions here and there, Europe is still not fixed, China's economy doesn't bode well either and there's also the US fiscal cliff...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro traded almost breakeven, near 1.2940.
Copper didn't lose much, but gold was down 1% and silver even 2.1%.
Oil lost 2% intraday, but regained nearly all of it and closed near Friday's close.