On October 30, 2024, the ESP35 index broke through a support level, indicating a continued downward price momentum. Meanwhile, the Russell 2000 ETF (IWM) saw a significant rally, surpassing the 222.50 mark and approaching a resistance zone at 224, which it has tested multiple times in recent months. Market analysts noted that if IWM can close above this resistance on a weekly basis, it could trigger further upward movement, potentially fueled by the upcoming jobs report. The S&P 500 ETF (SPY) and Nasdaq-100 ETF (QQQ) also bounced off their 20-day moving averages, while the E-mini S&P 500 futures (ES_F) showed a perfect bounce off a key gamma level at 5855. However, the ES_F faced challenges in breaking above its value area high, with recent trading indicating a potential move lower towards the October low of 5720. Support for ES_F is noted around 5636.50, coinciding with the 20-day moving average and previous distribution levels.