From the above 2 charts, it seems like Nasdaq and S&P500 are on different cycles. Note that the Nasdaq was a recount. I had previously counted the same way between Nasdaq and SPX but the breaching of the last wave down necessitate the re-labelling of the counts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.