On October 31, 2024, the S&P 500 futures (#ES_F) exhibited a trading pattern similar to the previous day, characterized by an initial upward movement followed by a short squeeze and a failure to surpass the prior high. Despite attempts to break above the Value Area High (VAH), the index failed to do so on three occasions, prompting traders to seek buyers at lower levels. As the day progressed, the market was noted to be trading lower, with bearish momentum observed in the afternoon session. Analysis of the monthly profile revealed significant distribution above the September high of 5,830, with the market approaching the October low of 5,720. A breach of this level could signal a further decline into the rotation below from September.