Elliot Wave Theory For S&P 500 Weekly

Some subscribe to market cycles in terms of the Elliot Wave Theory where market progress in 5 stages (1-2-3-4-5) and correct in 3 stages (A-B-C) before returning to a new longer-term bullish trend.

Personally, I do not subscribe to their market cycle structure but is interesting to see it play out in price for the S&P 500 on a weekly basis back to COVID-19 lows in March 2020.