# Industrials (XLI) — Elliott Wave count, Nov 6, 2026

Industrials (XLI) Elliott Wave count at the Nov 6, 2026 close (price 162.7): the called count is primary (4) under way, intermediate A and B complete, intermediate C falling. It is invalid below 107.88. On the daily chart, intermediate C of primary (4) down from $172.40 (2026-11-03), targeting 149.3 (invalid above 172.4).

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

## Called count
Primary (4) of cycle V under way as A-B-C. Invalid below 107.88.

Structure: 15.14 (2009-03) I 38.98 II 27.67 III 80.96 IV 47.71 (flat) | V.

What comes next: minute v of minor 3 toward 160.78-158.93, minor 3 toward 156.84, intermediate C toward 149.30 (C = A) inside the weekly 155.02-137.50 zone, then (5) above 188.19.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle V up from $47.71 (2020-03), in progress | 220.37 | 47.71 | 2030-04-13 → 2030-04-13 |
| Weekly | Primary ↓ | primary (4) of cycle V down from $188.19 (2026-08-03) | 137.5–155.02 | 188.19 | 2026-11-12 → 2032-10-26 |
| Daily | Intermediate ↓ | intermediate C of primary (4) down from $172.40 (2026-11-03) | 136.59–149.3 | 172.4 | 2026-11-07 → 2027-03-10 |
| Hourly | Minor ↓ | minor 3 of intermediate C down from $169.91 (2026-11-04 11:30 ET) | 156.84–161.71 | 169.91 | — |
| 15-minute | Minute ↓ | minute v of minor 3 down from $163.84 (2026-11-06 10:15 ET) | 158.93–160.78 | 163.84 | 2026-11-06 → 2026-11-09 |


## Recent changes to the call
- 2026-10-16: new — primary (4) under way as A-B-C, primary (5) to follow

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