Divergence / Strength In Small Caps Continues

The market just can't hold any gains. After a strong/positive morning, major indices fell back and all (except for small caps) dropped to new lows. Still, tech and small caps are having this bullish look on their daily charts. Small caps again came very close to making new highs. But the Dow and S&P lost more than 2% since recent highs. How will this divergence work out?

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro bounced back over 1.35 and looks ready for new highs.
Oil is a whole different story. After strong pre-market action, oil started pulling back and fell right to yesterday's lows. Bearish daily candle and possible more new lows tomorrow.
Metals all went up. Best performer was gold gaining almost 1%.