The Technical Indicator: Charting the repair process, S&P 500 approaches next major test

This post was originally published on this site

Technically speaking, the process of repairing extensive damage to the major U.S. benchmarks remains underway.

Against this backdrop, the bigger-picture technicals have strengthened, amid a persistent April spike, though the rally attempt’s sustainability remains an open question.

Before detailing the U.S. markets’ wider view, the S&P…