It was the original intent of the Founding Generation that the judiciary have the authority to invalidate state laws repugnant to the Constitution:
“Read in conjunction with the judiciary provisions of Article III, the Supremacy Clause endorsed judicial review of state law for conformity with federal law as the Constitution’s chief supremacy-enforcing mechanism. The Supremacy Clause-Article III complex established a norm of federal supremacy at the level of state legislation and insisted that that norm would be backed by judicial enforcement. Rather than giving Congress the power to wield a negative over state laws, then, the Constitution provided for a Supreme Court with the power to review state laws for compatibility with the Constitution.”
The 8220 Law of the Land 8221 Clause of Magna Carta the Supremacy Clause and Judicial Review Online Library of Law Liberty
Yes....you are absolutely correct, but only where State Law may be in conflict with Federal Law.
However, the Founders made zero provision within the Constitution to allow Federal Law to be nullified by Judicial fiat.
Only the Legislative Branch may create, amend, or nullify law. The reason is simple. The Legislative Branch answers directly to the people. We can throw the bastards out. The need for an independent Judiciary means the courts are not answerable to we the people. Therefore there was zero allowance for the Courts to create, amend, or nullify law.
This political safeguards paradigm does not comport with the original intent and understanding of the Founding Generation that the Supremacy Clause authorizes the judiciary to invalidate both state and Federal laws repugnant to the Constitution:
'Relying on the political safeguards of federalism to restrict judicial review of federal statutes overlooks the conditional nature of the Supremacy Clause. Contrary to modern assumptions, the Clause does not allow courts to separate judicial review of state law from judicial review of contrary state law. Rather, whenever federal statutes conflicts with a federal statute, the Clause makes judicial review of state law contingent on judicial review of the federal statute itself. Specifically, the Clause recognizes only three sources of law as "the supreme Law of the Land": the "Constitution," "Laws," and "Treaties" of the United States. Not every federal "Law," however, qualifies under the Clause. Rather, the Clause encompasses only "the Laws of the United States which shall be made in Pursuance" of the Constitution. Although not generally recognized today for its dual purpose, the Clause pursues two distinct goals simultaneously: to secure the supremacy of federal law and to prevent Congress from exceeding the scope of its enumerated powers.[T]he text, history, and structure of the Constitution all tend to confirm that the Supremacy Clause enlists courts to police the bounds of federal power in the course of upholding "the supreme Law of the Land."
[…]
At a minimum, therefore, the Supremacy Clause appears to authorize courts to review the constitutionality of federal statutes as part of the process of resolving conflicts between such statutes and positive state law.'
http://scholarship.law.gwu.edu/cgi/viewcontent.cgi?article=1474&context=faculty_publications