Hi there, this is just to share a food for thought. I am currently expecting this. Wait a minute ... ;-)
Yes, yes, it will, in my opinion, develop this way. Variations are possible, but I do think it's gonna be something along those lines. Of course, I could be wrong.
Good luck and take good care!
That's what I currently see hapenning on a bigger scale:
Update 14-Jun-2019: From today's perspective, I could imagine S&P doing its major correction cycle like this
Nice! I also don't see the crash happening in this cycle, that everyone is talking about. First of all, too many people expect the crash, therefore the likelihood for it to occur is lowered, and then I don't see a strong reason like dotcom bubble or subprime crisis. The yearly chart also supports your view.