Watch the C and A Shape online guitar lesson by David Wallimann from Guitar DNA: CAGED Soloing
Let's start studying Major 7 arpeggios, which are 4 note arpeggios made of a root, Major 3rd, 5th, and Major 7th.
The two CAGED positions we'll use here are the C shape and A shape. Both shapes have their root on the 5th string. Make sure you memorize the shapes and anticipate the sound of each note you play.