# S&P 500 (SPX) — Elliott Wave count, Nov 6, 2026

S&P 500 (SPX) Elliott Wave count at the Nov 6, 2026 close (price 7,376.86): the called count is intermediate (4) of primary 5 under way. It is invalid above 7,844.52. On the daily chart, intermediate (4) of primary 5 down from $7,844.52 (2026-10-06), in progress, targeting 6,997.89 (invalid above 7,844.52).

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

## Called count
Intermediate (3) of primary 5 ended at $7,844.52 in a contracting ending diagonal. Invalid above 7,844.52.

Structure: I $2,134.72 (2015-05), II $1,810.10 (2016-02), III live.

What comes next: minute b toward $7,487.78-7,530.75; a y far larger than w or a third three is needed for the Daily zone $6,997.89-6,520.53 (window central half 2027-05 to 2029-02); then (5) toward the weekly $9,652.76.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle III up from $1,810.10 (2016-02), in progress — its fifth primary wave is live | 11,894.93 | 1,810.1 | — |
| Weekly | Primary ↑ | primary 5 of cycle III up from $3,491.58 (2022-10), in progress — intermediate (4) is live | 9,652.76 | 3,491.58 | — |
| Daily | Intermediate ↓ | intermediate (4) of primary 5 down from $7,844.52 (2026-10-06), in progress | 6,520.53–6,997.89 | 7,844.52 | 2026-11-22 → 2030-07-28 |
| Hourly | Minor ↓ | minor y of intermediate (4) down from $7,715.57 (2026-11-04 13:00), in progress as a zigzag — minor w a double zigzag to $7,527.56, minor x a regular flat to $7,715.57 | 7,217.49 | 7,715.57 | 2026-11-07 → 2026-12-13 |
| 15-minute | Minute ↑ | minute b of minor y up from $7,350.35 (2026-11-05 15:45), in progress as a zigzag — minuette a to $7,444.20 (2026-11-06 09:45), minuette b live (low so far $7,373.48, 15:45). Minute a is a five | 7,487.78–7,530.75 | 7,350.35 | 2026-11-07 → 2026-12-13 |


## Recent changes to the call
- 2026-10-16: new — intermediate (4) of primary 5 under way

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