# Technology (XLK) — Elliott Wave count, Nov 6, 2026

Technology (XLK) Elliott Wave count at the Nov 6, 2026 close (price 164.74): the called count is primary 4 under way, (C) in progress. It is invalid below 121.57. On the daily chart, intermediate (C) of primary 4 down from $191.55 (2026-10-28), in progress, targeting 159.5 (invalid above 191.55).

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

## Called count
Primary 3 complete at $203.25. Invalid below 121.57.

What comes next: minute v completes minor 3 near $161.66-$161.44, minor 4 rallies below $173.91, minor 5 finishes (C) toward $159.50 or lower; primary 4 holds $121.57 and primary 5 follows toward the $250.21 cycle target.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle V up from $56.49 (2022-10), in progress | 250.21–307.69 | 56.49 | 2027-09-30 → 2043-11-30 |
| Weekly | Primary ↓ | primary 4 of V down from $203.25 (2026-10-05 week), in progress as a zigzag | 132.38–146.48 | 203.25 | 2026-11-04 → 2030-07-29 |
| Daily | Intermediate ↓ | intermediate (C) of primary 4 down from $191.55 (2026-10-28), in progress | 159.5 | 191.55 | 2026-11-06 → 2026-11-22 |
| Hourly | Minor ↓ | minor 3 of (C) down from $180.19 (2026-11-04 10:15 ET), in progress | 154.11 | 180.19 | 2026-11-06 → 2026-11-12 |
| 15-minute | Minute ↓ | minute v of minor 3 down from $168.11 (2026-11-06 09:45 ET), in progress | 161.44–161.66 | 168.11 | 2026-11-06 → 2026-11-07 |


## Recent changes to the call
- 2026-11-05: invalidated — primary 4 under way, (C) in progress
- 2026-10-16: new — primary 3 extending, minute ii correcting

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