NVDA delivered an impressive earnings report. But, its outlook was even more impressive. Significantly, though, it didn’t drive the stock to new highs, The day is young. But, a failure to make new highs would be a red flag for the overall market.

Futures are already backing off their overnight highs as a bearish 10/20 cross unfolds on ES…

…but not yet on SPX.

While VIX/VX are slumping…

CL has conspicuously not broken down.

So, interest rates are still elevated.

continuing…