09.10.202614:34 Forex Analysis & Reviews: Trading Signals for NASDAQ 100 on October 9-12, 2026: sell below 31,101 (21 SMA - 0/8 Murray)

Relevance up to 12:00 2026-10-23 UTC+00

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The #NASDAQ Industrial Index is trading around 31,110, below the 21-day SMA and below the 8/8 Murray line, and is pulling back after reaching a high of around 31,400 points.

Given that the NASDAQ 100 is rebounding after reaching 30,581—which coincided with the lower band of the uptrend channel—we could expect a technical correction.

Technically, we could expect it to continue falling in the coming days, as the index is trading below the 21-day SMA and below the 8/8 Murray line, which is exerting strong downward pressure.

The 31,500-point area has acted as strong resistance for the NASDAQ 100. We believe that if it fails to reach this level in the coming hours, it could be seen as an opportunity to open short positions, anticipating that it will reach the 200 EMA around 30,191 points; ultimately, we could expect it to reach the 6/ 8 Murray level around 29,687.

Since September 20, the Nasdaq has been consolidating around 30,500 points, and recent trading shows that the price is overbought. Therefore, an opportunity to open short positions could arise from current price levels or below 31,250 points.

The Eagle indicator is showing a bearish signal, so we will look for opportunities to sell in the coming days. A consolidation above the 8/8 Murray level could change the outlook for the NQ100, and we should avoid selling.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.