Issue #17825: Cursor ^ is correctly positioned for SyntaxError and IndentationError.
diff --git a/Lib/test/test_traceback.py b/Lib/test/test_traceback.py
index 8076be8..d7b183a 100644
--- a/Lib/test/test_traceback.py
+++ b/Lib/test/test_traceback.py
@@ -35,6 +35,9 @@
     def syntax_error_bad_indentation(self):
         compile("def spam():\n  print 1\n print 2", "?", "exec")
 
+    def syntax_error_bad_indentation2(self):
+        compile(" print(2)", "?", "exec")
+
     def test_caret(self):
         err = self.get_exception_format(self.syntax_error_with_caret,
                                         SyntaxError)
@@ -111,6 +114,13 @@
                 os.unlink(os.path.join(testdir, f))
             os.rmdir(testdir)
 
+        err = self.get_exception_format(self.syntax_error_bad_indentation2,
+                                        IndentationError)
+        self.assertEqual(len(err), 4)
+        self.assertEqual(err[1].strip(), "print(2)")
+        self.assertIn("^", err[2])
+        self.assertEqual(err[1].find("p"), err[2].find("^"))
+
     def test_base_exception(self):
         # Test that exceptions derived from BaseException are formatted right
         e = KeyboardInterrupt()
diff --git a/Lib/traceback.py b/Lib/traceback.py
index 5ad2838..0a3dd11 100644
--- a/Lib/traceback.py
+++ b/Lib/traceback.py
@@ -189,11 +189,12 @@
         if badline is not None:
             lines.append('    %s\n' % badline.strip())
             if offset is not None:
-                caretspace = badline.rstrip('\n')[:offset].lstrip()
+                caretspace = badline.rstrip('\n')
+                offset = min(len(caretspace), offset) - 1
+                caretspace = caretspace[:offset].lstrip()
                 # non-space whitespace (likes tabs) must be kept for alignment
                 caretspace = ((c.isspace() and c or ' ') for c in caretspace)
-                # only three spaces to account for offset1 == pos 0
-                lines.append('   %s^\n' % ''.join(caretspace))
+                lines.append('    %s^\n' % ''.join(caretspace))
         value = msg
 
     lines.append(_format_final_exc_line(stype, value))