# Discretionary (XLY) — Elliott Wave count, Nov 6, 2026

Discretionary (XLY) Elliott Wave count at the Nov 6, 2026 close (price 117.58): the called count is intermediate (5) minor C under way from $107.99. It is invalid below 107.99. On the daily chart, minor C of intermediate (5), up from $107.99 (2026-10-01) after a contracting-triangle minor B, targeting 155.98 (invalid below 107.99).

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

## Called count
Primary 5 diagonal: intermediate (5) minor C under way from $107.99, minute iii in progress toward $127.05-$136.72. Invalid below 107.99.

Structure: 2009-03 7.93 / 2011-07 20.89 (1) / 2011-10 16.53 (2) / 2020-02 66.36 (3) / 2020-03 40.87 (4) / diagonal 5.

What comes next: subminuette c completes minuette (ii) at $116.58-$114.92; minuette (iii) then carries minute iii to $127.05-$136.72, clearing $125.01.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Primary ↑ | primary 5 of the cycle advance from the 2009-03 low ($7.93), up from $40.87 (2020-03) | 151.91–195.9 | 40.87 | 2028-07-02 → 2033-08-26 |
| Weekly | Intermediate ↑ | intermediate (5) of the primary-5 diagonal, up from $86.55 (2025-04-07) | 128.98–154.73 | 86.55 | 2026-12-29 → 2028-06-16 |
| Daily | Minor ↑ | minor C of intermediate (5), up from $107.99 (2026-10-01) after a contracting-triangle minor B | 155.98 | 107.99 | 2027-01-09 → 2027-12-28 |
| Hourly | Minute ↑ | minute iii of minor C, up from $112.83 (2026-10-23 10:15 ET) | 127.05–136.72 | 112.83 | 2026-11-11 → 2026-11-23 |
| 15-minute | Minuette ↓ | minuette (ii) of minute iii, down from $122.92 (2026-11-04 13:00 ET), in progress as a zigzag | 114.92–116.58 | 122.93 | — |


## Recent changes to the call
- 2026-10-16: new — intermediate (5) minor C under way from $107.99

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