The S&P down 4.73 points, closing at 4,104.58, for its 4th straight negative day

After closing at 4,109.31 Friday, the S&P 500 opened today at 4,102.2, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, the S&P 500 retains a distinct 4,098.79 to 4,127.66 daily range.

The S&P 500 is currently trading at 4,104.58 following the release of ISM Manufacturing PMI (Mar) data from the United States.

Meanwhile, United States ISM Manufacturing PMI (Mar) released today at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7. United States ISM Manufacturing Employment (Mar) came out at 46.9, while a consensus of analysts was expecting 50. United States ISM Manufacturing Prices (Mar) came out at 49.2, while a consensus of analysts was expecting 51.2.

A study of the S&P's chart reveals various key levels to watch: S&P 500's nearest support level is at 3,808, followed by 3,760.37 at the next level. Trend and momentum analysis indicates that investors are seeking long positions as the S&P 500 price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that the S&P 500's upper Bollinger Band® is at 4,163.41 which indicates a further downward move may follow.

All in all, the technical analysis suggests the S&P 500 has no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Nasdaq is trading around 12,100 (down 121.91 points).

Positive performances can be seen by looking at other markets as having closed the previous session at 7,177.8, ASX 200 is up 0.63% today to currently trade at around 7,223. Having closed the previous session at 7,631.74, FTSE is up 0.51% today to currently trade at around 7,670.47.

Furthermore, United States JOLTs Job Openings (Feb) is scheduled for tomorrow at 14:00 UTC.

The S&P is up 14.88% from the significant low of 3,577 it hit 5 months ago.