The bounce continues, while beneath the surface equities are still very much at risk.

There are a number of red flags still at play. Note that COMP is backtesting its SMA200. If it can rise and remain above, that would be a strong signal that the worst of the rout is over.

But, the atar of the show is still NVDA. And, Jensen Huang’s foibles have slashed 5% of its value (over 25% from its recent highs.)

Offsetting the damage: a 3% drop in WTI…

…which has the algos salivating over the prospects of the 10Y breaking down.