We have NVDA211.76 earnings after the close tomorrow. For NQ1!29375.25 to reclaim the descending trendline and ES1!7700.25 to trade back toward its recent highs, we need NVDA to deliver strong earnings.
It is worth noting that the initial move has repeatedly failed to hold. Over the past eight earnings, NVDA gained an average of 1.35% overnight, only to fall an average of 4.04% from the next session's open to close. By the end of the first post-earnings session, NVDA was down an average of 2.78% from its pre-earnings close. Six of the eight sessions finished negative.