{"symbol":"XLK","slug":"xlk","name":"Technology","group":"Sector & country ETFs","asof":"2026-11-06","price":164.74,"scale":"log","headline":"primary 4 under way, (C) in progress","trend":"up","swing":"down","invalidation":121.57,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"primary 3 complete at $203.25","structure":"","next":"minute v completes minor 3 near $161.66-$161.44, minor 4 rallies below $173.91, minor 5 finishes (C) toward $159.50 or lower; primary 4 holds $121.57 and primary 5 follows toward the $250.21 cycle target","window":null,"invalid_if":{"price":121.57,"direction":"below"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"up","wave":"cycle V up from $56.49 (2022-10), in progress","target":{"low":250.21,"high":307.69},"invalidation":56.49,"window":{"from":"2027-09-30","to":"2043-11-30","likely_from":"2027-10-01","likely_to":"2035-10-31"}},{"timeframe":"Weekly","degree":"Primary","direction":"down","wave":"primary 4 of V down from $203.25 (2026-10-05 week), in progress as a zigzag","target":{"low":146.48,"high":132.38},"invalidation":203.25,"window":{"from":"2026-11-04","to":"2030-07-29","likely_from":"2027-05-01","likely_to":"2029-02-12"}},{"timeframe":"Daily","degree":"Intermediate","direction":"down","wave":"intermediate (C) of primary 4 down from $191.55 (2026-10-28), in progress","target":{"low":159.5,"high":null},"invalidation":191.55,"window":{"from":"2026-11-06","to":"2026-11-22","likely_from":"2026-11-06","likely_to":"2026-11-13"}},{"timeframe":"Hourly","degree":"Minor","direction":"down","wave":"minor 3 of (C) down from $180.19 (2026-11-04 10:15 ET), in progress","target":{"low":154.11,"high":null},"invalidation":180.19,"window":{"from":"2026-11-06","to":"2026-11-12","likely_from":"2026-11-06","likely_to":"2026-11-09"}},{"timeframe":"15-minute","degree":"Minute","direction":"down","wave":"minute v of minor 3 down from $168.11 (2026-11-06 09:45 ET), in progress","target":{"low":161.66,"high":161.44},"invalidation":168.11,"window":{"from":"2026-11-06","to":"2026-11-07","likely_from":"2026-11-06","likely_to":"2026-11-07"}}],"answer":"Technology (XLK) Elliott Wave count at the Nov 6, 2026 close (price 164.74): the called count is primary 4 under way, (C) in progress. It is invalid below 121.57. On the daily chart, intermediate (C) of primary 4 down from $191.55 (2026-10-28), in progress, targeting 159.5 (invalid above 191.55).","markdown":"https://elliottwaveatlas.com/markets/xlk.md","history":[{"date":"2026-11-06","price":164.74,"status":"held","headline":"primary 4 under way, (C) in progress"},{"date":"2026-11-05","price":162.31,"status":"invalidated","headline":"primary 4 under way, (C) in progress"},{"date":"2026-11-04","price":176.5,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-11-03","price":176.51,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-11-02","price":174.24,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-30","price":179.52,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-29","price":188.74,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-28","price":191,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-27","price":189.51,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-26","price":186.39,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-23","price":183.28,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-22","price":182.37,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-21","price":188.56,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-20","price":185.46,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-19","price":185.89,"status":"held","headline":"primary 3 extending, minute ii correcting"},{"date":"2026-10-16","price":183.47,"status":"new","headline":"primary 3 extending, minute ii correcting"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}