Expect an early short squeeze in stocks as shorts scramble to cover.
Our very, very short-term early market indicator is strong positive.
Aggressive short coverage is taking place in oil.
Aggressive selling is taking place in bonds.
Smart Money is lightly selling gold.
Gold futures are at $1239, silver futures are at $17.35, and oil futures are $82.87.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1832, and 1811.