On October 10 and 11, 2024, the Russell 2000 ETF ($IWM) experienced significant market fluctuations. On October 10, $IWM was down 1.5%, indicating major weakness as it reached a multi-week low. However, a quick bounce of 2 points was noted later that day, suggesting potential recovery. By October 11, sentiment shifted positively as $IWM was reported to be up 1.8% and later reached new highs with a gain of 1.85%. Analysts highlighted that $IWM needed to hold above the 215 level to maintain upward momentum. Concurrently, the S&P 500 index ($SPX) was showing strength, holding above 5767 and potentially moving towards 5800, with predictions of reaching 7,000 by 4:00 PM on October 11. Overall, the market showed signs of recovery, particularly for $IWM, which was seen as having significant catch-up potential.