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The Nasdaq 100 has also moved above the EMA 20, and the close is likely to hold above it. The S&P is a bit stronger than the Nasdaq 100; the wedge has already broken out, and the 7550 call wall has also been breached. So the next target is 7600, which is a strong resistance. As mentioned yesterday, if a breakout happens, the market is likely to trigger a round of accelerated upside driven by positive gamma. Above that, look for 7700 and 7800. The Nasdaq Composite is also doing well—its daily MACD has formed a golden cross, and the structure is breaking out.