Overnight, China added a potent new spike to the punch by lowering interest rates and taking a series of measures to stimulate the economy.

Gold, oil and stocks are spiking.

Our very, very short-term early stock market indicator is positive.

Gold futures are at $1201, silver futures are at $16.40, and oil futures are $77.21.

S&P 500 resistance levels is 2100; support levels are 2063, 2038, and 2017.