Automatic wave scan: as of 21 Oct 2026, the automatic daily count for XLY is Wave 5 up with a bullish bias. The count stays valid while price holds 107.99.
Current XLY wave count
Automatic wave scan Updated daily from the latest daily close (21 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 113.13 on 25 Jun 2026. Next levels to watch are 117.63 and 118.77. The count fails on a daily close below 107.99.
Key levels
| Type | Levels |
|---|---|
| Resistance | 120.44 · 119.21 |
| Support | 107.99 · 108.29 |
| Invalidation | 107.99 |
What is XLY?
XLY launched in December 1998. Amazon and Tesla are among its largest holdings, so their moves have a large effect on the fund.
Discretionary spending rises when consumers feel confident and falls when budgets are tight, making XLY a useful gauge of consumer health.
What moves the XLY price?
- Consumer confidence: Spending on non-essentials follows confidence.
- Jobs and wages: Income growth supports demand.
- Interest rates: Borrowing costs affect big purchases such as cars and homes.
- Amazon and Tesla: Their weights make them key drivers.
- Retail sales data: Monthly figures show spending trends.
How XLY moves in Elliott Wave terms
XLY often leads the S&P 500 at major turns, falling earlier in downturns and rising earlier in recoveries. Its waves are larger than XLP's.
The XLY to XLP ratio can confirm whether a broad market wave is driven by risk appetite.
Tips for counting XLY waves
Compare the fund's count with the S&P 500. A sector that leads the index often keeps leading until its own wave 5 completes.
XLY key facts
XLY Elliott Wave FAQ
What is consumer discretionary?
Goods and services people buy when they have spare money, such as cars, travel, restaurants and online shopping.
Why is XLY a gauge of consumer health?
Discretionary spending is the first to grow when people feel confident and the first to fall when they cut back.
What are XLY's biggest holdings?
Amazon and Tesla are among the largest.
Sources and further reading
- XLY fund page and holdings (Select Sector SPDR Trust)
- Exchange-traded funds (ETFs) investor bulletin (U.S. SEC Investor.gov)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
