For now, the market price action continues to follow our red line projection since the beginning of the week.
Digestion inside this 4420s-4375s zone on the Emini S&P 500 (ES) was expected in order to ramp towards 4480-4450 at a later date.
Today formed another set of higher lows, so the bulls are setting up for the usual end-of-week highs attempt. We need to hold LOD at all times or else too weak for immediate breakout/acceleration
I'm sharing a bonus today: The Emini Russell 2000 (RTY) is breaking out on the daily chart. Eyes are on acceleration mode the next few sessions into 2300-2350 target. Now, 2230s. Must hold above 2185 at all times, otherwise too weak. This is the best risk vs reward equity index as of writing.