These two charts begin with (1) The S&P chart posted on March 4th as a possible wave count, implying a Wave 3 down was imminent, and then, (2) the same chart updated through today. March 4th March 11th If the S&P continues to track this count it has most of Wave 3 down to go. Whatever the case, this remains a news-driven market, one that is now taking on the characteristics of a volatile Wave 3 down.