The cherry on top is ETFs like VXX and UVXY which will be extremely profitable to buy, but also exasperate in the stock market, due to the heavy buying of that will be going on to hedge large stock market bets. For years, and short ETFs have suppressed by selling into an uptrend in the stock market. Now they will make much worse by buying into a downtrend in the stock market.
Based on the count, it's possible we're in a Neutral Triangle beginning in 2000, and that Wave-(e) will be about as big as wave-(a). So this may not be as bad as the Great Recession, but it could still be very ugly and there will likely be major bailouts by the government. However, at the end of this triangle around 2021, there is likely to be a flood out of USD and fiat currency, which will likely cause hyperinflation or chronic in many countries, including the US. This will lead to significantly higher asset prices across the board, sending the stock market to all time highs fairly quickly. The collapse in fiat currency will be primary caused by people losing faith in the government's ability to pay their deficits without having to print money to pay for them.
It looks like we'll get one final i-wave before we finally crash sometime in mid-2019.
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