While the S&P is on a 9 day uptrend Today's session put the brakes on the ongoing uptrend — a quiet day for the S&P 500 as it remained range-bound within a 4,140.36 – 4,169.48 range before closing at 4,155.

The S&P 500's state is reflected by market data as United States Building Permits (Mar) released today at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. United States API Weekly Crude Oil Stock came out at -2.67 million, while a consensus of analysts was expecting -2.46 million. Data from United States concerning Housing Starts was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 7.3% to -0.8% this month.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. The S&P 500's upper Bollinger Band® is at 4,200.62, suggesting that a downward move may follow. Despite this, the S&P 500 is approaching key support, around 42.04 points away from 4,112.83. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

According to technical indicators, the S&P 500 is positioned for a downward move in the short term.

While the S&P 500 was pretty flat today, mixed performances were seen elsewhere as FTSE went up by 0.38% today, and closed at 7,909.44. After ending today's session at 20,782, Hang Seng lost 131.94 points and is trading around 20,651.

Data to be released tomorrow might clear up some of the market fog as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -2.46 million from the preceding figure of 597,000.

The index has been trending positively for about a month. Having set a significant low of 3,577 6 months ago, the S&P is trading 16.05% higher.