SP500 ES Emini Futures-Possible Ending Diagonal

16 lug 2018

Could be totally wrong here but to me it seems like the SP500 is shaping up with an ending diagonal formation to end a massive run since 2009. You could also count it as An ABCDE triangle wave IV and now a new impulse wave 5 starting, but the end result is the same; a jaw dropping end to a multi decade bull run.

If this is correct, we will see the most severe depression we have ever seen. Maybe even worse than our grandparents went through. A massive deleveraging of the total 200 trillion dollar debt bubble the world economies have created in order to keep the show going

I took profits and remain neutral while I'm waiting for a possible pull back to the trendline or previous wave 4 of one lesser degree to re-evaluate the market and possibly enter a long for the final run

This may coincide with a massive blow off top in BTC and other cryptocurrencies to seal the deal and bring massive gains. Again, nobody knows what will happen, but i thought i would share this to warn everyone of the possibilities.

Hope everyone is well

11 ott 2018

Nota

Ending Diagonals are brutal and usually retrace to their origin. Looks like we may be in for some more pain. This could be the end for a long time, or we may be forming a wave 4 of some sort and finish the ultimate bull market in 2019 some time. But usually ending diagonals appear during the last blow off top of a significant move. In this case, the move was since 2009. Only time will telllllll