# Regional banks ETF (KRE) — Elliott Wave count, Nov 6, 2026

Regional banks ETF (KRE) Elliott Wave count at the Nov 6, 2026 close (price 72.2): the called count is contracting diagonal from 2009, cycle V in progress. It is invalid below 47.06. On the daily chart, intermediate (3) of the primary C diagonal, up from $61.80 (2026-03-19), a zigzag in its minor C, targeting 81.8 (invalid below 61.8).

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

## Called count
Contracting diagonal from 2009 low. Invalid below 47.06.

What comes next: minute ii toward $71.68-70.74 (above $67.79), minute iii up, minor C to $85.94 (inside the Daily $81.80-88.28 zone), V terminal $79.52-89.75, then a large decline.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle V of the contracting diagonal from the 2009 low $14.42 (I $66.04, II $27.26, III $78.81, IV $34.52), up from $34.52 (2023-05), in progress | 79.52–89.75 | 34.52 | 2026-11 → 2038-04 |
| Weekly | Primary ↑ | primary C of cycle V, up from $47.06 (2025-04-07), in progress as an ending diagonal | 95.77–148.57 | 47.06 | 2026-11-03 → 2027-10-22 |
| Daily | Intermediate ↑ | intermediate (3) of the primary C diagonal, up from $61.80 (2026-03-19), a zigzag in its minor C | 81.8–88.28 | 61.8 | 2027-01-21 → 2027-07-30 |
| Hourly | Minor ↑ | minor C of intermediate (3), up from $67.79 (2026-10-14 08:45) | 85.94–99.52 | 67.79 | 2026-11-10 → 2027-05-25 |
| 15-minute | Minute ↓ | minute ii of minor C, down from $75.80 (2026-11-05 09:30 ET), in progress | 70.74–71.68 | 75.8 | 2026-11-13 → 2026-12-11 |


## Recent changes to the call
- 2026-10-16: new — contracting diagonal from 2009, cycle V in progress

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