{"symbol":"XLY","slug":"xly","name":"Discretionary","group":"Sector & country ETFs","asof":"2026-11-06","price":117.58,"scale":"log","headline":"intermediate (5) minor C under way from $107.99","trend":"up","swing":"up","invalidation":107.99,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"primary 5 diagonal: intermediate (5) minor C under way from $107.99, minute iii in progress toward $127.05-$136.72","structure":"2009-03 7.93 / 2011-07 20.89 (1) / 2011-10 16.53 (2) / 2020-02 66.36 (3) / 2020-03 40.87 (4) / diagonal 5","next":"subminuette c completes minuette (ii) at $116.58-$114.92; minuette (iii) then carries minute iii to $127.05-$136.72, clearing $125.01","window":null,"invalid_if":{"price":107.99,"direction":"below"}},"levels":[{"timeframe":"Monthly","degree":"Primary","direction":"up","wave":"primary 5 of the cycle advance from the 2009-03 low ($7.93), up from $40.87 (2020-03)","target":{"low":151.91,"high":195.9},"invalidation":40.87,"window":{"from":"2028-07-02","to":"2033-08-26","likely_from":null,"likely_to":null}},{"timeframe":"Weekly","degree":"Intermediate","direction":"up","wave":"intermediate (5) of the primary-5 diagonal, up from $86.55 (2025-04-07)","target":{"low":128.98,"high":154.73},"invalidation":86.55,"window":{"from":"2026-12-29","to":"2028-06-16","likely_from":"2027-01-12","likely_to":"2028-01-22"}},{"timeframe":"Daily","degree":"Minor","direction":"up","wave":"minor C of intermediate (5), up from $107.99 (2026-10-01) after a contracting-triangle minor B","target":{"low":155.98,"high":null},"invalidation":107.99,"window":{"from":"2027-01-09","to":"2027-12-28","likely_from":"2027-03-11","likely_to":"2027-07-08"}},{"timeframe":"Hourly","degree":"Minute","direction":"up","wave":"minute iii of minor C, up from $112.83 (2026-10-23 10:15 ET)","target":{"low":127.05,"high":136.72},"invalidation":112.83,"window":{"from":"2026-11-11","to":"2026-11-23","likely_from":null,"likely_to":null}},{"timeframe":"15-minute","degree":"Minuette","direction":"down","wave":"minuette (ii) of minute iii, down from $122.92 (2026-11-04 13:00 ET), in progress as a zigzag","target":{"low":116.58,"high":114.92},"invalidation":122.925,"window":null}],"answer":"Discretionary (XLY) Elliott Wave count at the Nov 6, 2026 close (price 117.58): the called count is intermediate (5) minor C under way from $107.99. It is invalid below 107.99. On the daily chart, minor C of intermediate (5), up from $107.99 (2026-10-01) after a contracting-triangle minor B, targeting 155.98 (invalid below 107.99).","markdown":"https://elliottwaveatlas.com/markets/xly.md","history":[{"date":"2026-11-06","price":117.58,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-11-05","price":117.64,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-11-04","price":122.33,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-11-03","price":117.33,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-11-02","price":118.16,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-30","price":115.38,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-29","price":116.2,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-28","price":115.33,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-27","price":115.45,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-26","price":114.26,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-23","price":113.1,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-22","price":115.01,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-21","price":115.54,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-19","price":114.46,"status":"held","headline":"intermediate (5) minor C under way from $107.99"},{"date":"2026-10-16","price":112.46,"status":"new","headline":"intermediate (5) minor C under way from $107.99"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}