# Utilities (XLU) — Elliott Wave count, Nov 6, 2026

Utilities (XLU) Elliott Wave count at the Nov 6, 2026 close (price 43.13): the called count is primary 2 ended at $39.03. It is invalid below 39.03. On the daily chart, intermediate (1) of primary 3, up from $39.03 (2026-09-29), in progress, targeting 44.66 (invalid below 39.03).

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

## Called count
Primary 2 of cycle V ended at $39.03 (regular flat). Invalid below 39.03.

Structure: 2002-10 7.45 / 2007-12 22.33 / 2009-03 11.24 / 2022-09 39.11 / 2023-10 27.39 / 2026-02 47.80 (p1) / 2026-09 39.03 (p2).

What comes next: minute ii toward $43.09-42.91, then minor 5 toward $44.66-44.80 (ceiling $45.53) completing intermediate (1); intermediate (2) then (3), primary 3 toward $68.11.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle (degree 0 −1) ↑ | cycle V of the five from $7.45 (2002-10), up from $27.39 (2023-10), in progress | 51.6–53.98 | 27.39 | 2026-12-10 → 2045-08-05 |
| Weekly | Primary ↑ | primary 3 of cycle V, up from $39.03 (2026-09-28 week), intermediate (1) in progress | 68.11–96.09 | 39.03 | 2026-12-19 → 2030-08-13 |
| Daily | Intermediate ↑ | intermediate (1) of primary 3, up from $39.03 (2026-09-29), in progress | 44.66–44.8 | 39.03 | 2026-11-07 → 2026-12-03 |
| Hourly | Minor ↑ | minor 5 of intermediate (1), up from $42.63 (2026-11-06 09:30 ET), in progress | 44.66–44.8 | 42.63 | 2026-11-07 → 2026-12-03 |
| 15-minute | Minute ↓ | minute ii of minor 5, down from $43.37 (2026-11-06 15:00 ET), in progress | 42.91–43.09 | 43.37 | 2026-11-07 → 2026-12-03 |


## Recent changes to the call
- 2026-10-16: new — primary 2 ended at $39.03

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