S&P 500 Index (Weekly)

This weekly view of the S&P 500 index depicts the final 3 Cycles leading to the Super Cycle, SC2 correction of 2007/09 along with the following Cycle 1 comprised of 5 Primary waves. This is the conventional Elliott Wave consensus view (agreed). The Caldaro OEW analysis exchanges Primary [3] and [4] with Cycle 1 and 2 whilst presuming that C1 is Primary [1].