Inside Day Keeps Things Open
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQYB8WyIaTzXMlUdC-2wMr9hVSn7gWT69_gizIPGptgvV5csWA3EtUvIOJ3LjCSKdMGeYvm7MYCJoCWiHIEc5GLY4Li7z5uMS2W-v4FNBLfYzB6J3YsbEXxgz_dCzyTVD0o2DZMQ/s1600/SPX_Mar31.png)
Large and Small Caps traded inside yesterday's range, closing lower against yesterday's higher close. While yesterday's buying hasn't been totally eliminated, it will have put a dent in bullish confidence. Watch for follow through selling tomorrow. While the S&P closed above the 20-day and 50-day MA yesterday, today it closed below each of these MAs. Technicals only require a stochastic drop below the bullish mid line to turn net bearish. Relative performance against the Russell 2000 also accelerated downwards.