Initial support broken - Market Analysis for Sep 23rd, 2025

Garrett Patten By

The market rolled over today, failing to hold support cited this morning for wave (4) of C between 6733.25 - 6718.75. This has opened the door to the possibility that wave C of v topped already at yesterday's high, but ultimately a break below last week's low at 6611 would be needed to confirm a top.

Until then, there are a couple of bullish options that could still result in price attempting one more high, such as a larger A-B in wave v, or an extension of wave iii of (v) and price is starting a corrective pullback as wave iv of (v). However, nothing reliably pointing toward a direct higher high at the moment based on today's price action.
ESZ25 - Micro - Sep-23 1215 PM (30 min)
ESZ25 - Micro - Sep-23 1215 PM (30 min)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.

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