It has to be a coordinated central banks buying binge during very thin trading action overnight that cause the stock market to open with a giant gap-up inorder to trigger massive short-covering rally.
The result of the US election and the collapse of crypto exchange FTX must have panic the world central banks and government.
Now that they were able to push the stock market up above key technical price level, turn the market from very bearish to very bullish zone, we just have to wait and see if they are able to keep the stock market elevated.
Going forward, 11,200 will be key line-in-the-sand, bullish above it, and bearish below it.
For Friday, intraday support is at 11,500, and resistance at 11,750
