# Emerging markets ETF (EEM) — Elliott Wave count, Nov 6, 2026

Emerging markets ETF (EEM) Elliott Wave count at the Nov 6, 2026 close (price 59.33): the called count is cycle I complete, cycle II zigzag under way. It is invalid above 71.57. On the daily chart, intermediate (5) of C down from $63.65, in progress (minor 1 a five to $60.58, minor 2 a zigzag to $62.365, minor 3 a five to $58.00, minor 4 live), targeting 56.52 (invalid above 63.65).

Source: https://elliottwaveatlas.com/markets/eem · Data: https://elliottwaveatlas.com/data/markets/eem.json

## Called count
Cycle I complete at $71.57. Invalid above 71.57.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↓ | cycle II down from $71.57, in progress (zigzag) | 48.96–53.55 | 71.57 | — |
| Weekly | Primary ↓ | primary C of II down from $69.23, in progress | 53.13 | 69.23 | 2026-11-05 → 2026-12-20 |
| Daily | Intermediate ↓ | intermediate (5) of C down from $63.65, in progress (minor 1 a five to $60.58, minor 2 a zigzag to $62.365, minor 3 a five to $58.00, minor 4 live) | 56.31–56.52 | 63.65 | 2026-11-09 → 2026-11-30 |
| Hourly | Minor ↑ | minor 4 of (5) up from $58.00, in progress | 60.14 | 58 | 2026-11-06 → 2026-11-10 |
| 15-minute | Minute ↓ | minute b of minor 4 down from $59.77, in progress | 58.67–58.88 | 59.77 | — |


## Recent changes to the call
- 2026-10-16: new — cycle I complete, cycle II zigzag under way

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