Initially, today looked like the continuation to the upside, but towards the end, most major indices gave back their gains and only closed slightly higher. The indicator still wants to hold on to its bearish view which could be telling. Two small updays and the indicator is still bearish. Overall the technical picture is looking good, so we may need a single significant pull back to continue to higher levels. For trading the S&P 500 tomorrow, Wednesday, June 8th, the Greed and Fear indicator is expecting a lower close.