{"symbol":"XLB","slug":"xlb","name":"Materials","group":"Sector & country ETFs","asof":"2026-11-06","price":51.95,"scale":"log","headline":"primary 5 of the cycle five, intermediate (5) from $47.81, minor 4 live (minute c)","trend":"up","swing":"down","invalidation":46.43,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"primary 5 of a cycle five from 2009","structure":"","next":"minor 4 toward $50.89 above $49.97, minor 5 through $54.63 to the (5) zone $55.42-60.72, then primary 5 toward $68.53-80.69 inside a $89.56 ceiling","window":null,"invalid_if":{"price":46.43,"direction":"below"}},"levels":[{"timeframe":"Monthly","degree":"Primary","direction":"up","wave":"primary 5 of the cycle five up from $36.56 (2025-04), in progress","target":{"low":68.53,"high":80.69},"invalidation":36.56,"window":{"from":"2027-02-01","to":"2039-07-19","likely_from":"2028-03-21","likely_to":"2030-09-16"}},{"timeframe":"Weekly","degree":"Intermediate","direction":"up","wave":"intermediate (5) of primary 5 up from $47.81 (2026-10-01), in progress","target":{"low":55.42,"high":60.72},"invalidation":47.81,"window":{"from":"2026-11-01","to":"2028-01-16","likely_from":"2026-11-23","likely_to":"2027-03-28"}},{"timeframe":"Daily","degree":"Minor","direction":"down","wave":"minor 4 of (5) down from $54.63 (2026-11-05), in progress","target":{"low":50.89,"high":null},"invalidation":54.63,"window":{"from":"2026-11-06","to":"2026-12-20","likely_from":"2026-11-08","likely_to":"2026-11-22"}},{"timeframe":"Hourly","degree":"Minute","direction":"down","wave":"minute c of minor 4 down from $52.535 (2026-11-06 11:45 EST), in progress (low so far $51.89)","target":{"low":49.57,"high":null},"invalidation":52.535,"window":{"from":"2026-11-06","to":"2026-11-08","likely_from":null,"likely_to":null}},{"timeframe":"15-minute","degree":"Minuette","direction":"down","wave":"minuette (iii) of minute c down from $52.35 (2026-11-06 13:30 EST), in progress (low so far $51.89 at 15:45)","target":{"low":51.77,"high":51.42},"invalidation":52.35,"window":null}],"answer":"Materials (XLB) Elliott Wave count at the Nov 6, 2026 close (price 51.95): the called count is primary 5 of the cycle five, intermediate (5) from $47.81, minor 4 live (minute c). It is invalid below 46.43. On the daily chart, minor 4 of (5) down from $54.63 (2026-11-05), in progress, targeting 50.89 (invalid above 54.63).","markdown":"https://elliottwaveatlas.com/markets/xlb.md","history":[{"date":"2026-11-06","price":51.95,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81, minor 4 live (minute c)"},{"date":"2026-11-05","price":52.33,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81, minor 4 live"},{"date":"2026-11-04","price":53.9,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-11-03","price":52.59,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-11-02","price":53.67,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-30","price":52.74,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-29","price":52.53,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-28","price":51.86,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-27","price":51.78,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-26","price":51.38,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-23","price":51.31,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-22","price":51.69,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-21","price":51.32,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-20","price":51.23,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-19","price":50.95,"status":"held","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"},{"date":"2026-10-16","price":50.92,"status":"new","headline":"primary 5 of the cycle five, intermediate (5) from $47.81"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}