More Gaps, And Big Red Candles

A big red candle for indices today and the lows of last Thursday are coming back in sight. The daily charts still look like they are making big bulls flags, but this is the third week now. This can't take much longer, or we'll rather see a break down of the flag instead of a break higher.

We're seeing more and more big gaps lately. This points to higher volatility and indeed, the VIX is up considerably the last few sessions. But it's still very low and way under alarming (=panic) levels (30-ish).

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still above 1.33 and holding. Looking for 1.34 next.
Oil traded above 96 again (intraday), just above recent highs, but couldn't hold the 96-level. Looking bullish.
Metals were all up, ranging from 0.6% to 0.9% gains, copper was best of the class.