Perfect
You won’t have spark until you have power there
Power at this red wire is sent from
The eec relay when it’s powered up by the key
That wire feeds many engine sensors and the injectors, ignition coil pack, etc
A little diagnostics keeps you from buying un needed parts!
So there is a eec fuse that feeds the eec/pcm relay with battery power
There is the ignition switch in your steering column that then power up / triggers the eec relay… power is sent through a fuse in the dash and then through the diode and then to the relay
You now need to test those sides of the eec relay
Also check the grounds
You will need to see the 94 wiring diagrams for your power dist box so you can check at the relay
I bet your check engine light is not illuminating with the key on