SP500 ES Emini Futures-Possible Ending Diagonal

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

Comment:

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