The S&P 500 E-mini futures (#ES_F) experienced a notable market movement starting on Sunday night, February 2, 2025. The session opened with a significant gap down, marking one of the largest declines in over a decade, with the initial support level identified at 5934. Overnight trading saw a low of 5935.50, which held, initiating a recovery. By Monday, February 3, the market rebounded sharply, gaining over 122 points from the overnight low and filling the gap created during the Sunday Globex open. Key support levels at 5949-51 and 6008 were tested and held, while upside targets of 5990, 6008, and 6020 were achieved. Further gains led to the market reaching the 6056-66 range, effectively closing the gap. The recovery also included a successful retest of the DeepSeek low from the prior week. Analysts described the market as headline-driven, cautioning against overtrading amidst volatility. The recovery highlights the resilience of the futures market despite initial bearish sentiment.