S&P500: Primary and Alternate CountUS SPX 500OANDA:SPX500USDyuchaosngPreviously I published the idea that S&P500 will have a final wave that pushes above the upper trendline as a throwover. That was using SPX and the throwover DID NOT happen. Price got rejected when it touches the upper trendline instead. Nevertheless, it seems like the Ending Diagonal is completed and price has gapped down below the lower trendline over the weekends. This could mean that price will continue to fall in quick fashion. However, I want to take this opportunity to highlight the alternate count because unless price breaks the wave 4 low, the alternate count will still be valid. The main change that we see here is that the primary count wave 3 and wave 5 are merged into one single wave 3. This is a totally valid way to count for Ending Diagonal. So please keep this alternate count in mind. Thank you.