Pre-Market Update: Bulls In Directional Control, Plus More on Yield & NVDA

Good Thursday Morning, MPTraders!  October 9, 2025-- Pre-Market Update: 

ES climbed to another new ATH at 6812.25 in overnight trading, now sitting above 6800 ahead of the opening bell. My attached Daily Chart indicates that as long as any forthcoming weakness is contained and repelled above or within consequential near-term support lodged from 6771 down to 6724, the bulls will remain in directional control, eying 6850 next, en route to 6880/90... Last is 6802.00... (continued below my ES Chart)...

Benchmark 10-year YIELD starts today's session at 4.14%, which we see on my attached Big Picture Chart is encased between important resistance from 4.16% to 4.21% and support at 4.08% to 4.11%. Whichever side of the range is taken out and sustained will trigger directional continuation potential to 4.27%-4.30%, or to 3.95%-4.00%. In as much as the dominant intermediate-term trend is down, my technical bias tilts to the downside for a revisit of the 4.00% September lows... Last is 4.14%... (Continued below YIELD)...

NVDA has climbed to a new ATH at 193.00 in pre-market trading in reaction to news that the US Government has approved NVDA chip sales to the UAE. My attached 4-Hour Chart shows this "breakaway" up-gap pre-market open and upside follow-through has the right look of the initial of a new upleg that projects to 198.00-200.00 next, with overshoot to 205 before my pattern expectation for a correction. 

Only a sharp downside reversal and close beneath 185 will compromise the promising near-term setup... Last is 192.84...