Will nasdq 100 continue going up for the next hour?

**The direction of the Nasdaq 100 over the next hour is uncertain**, and it is influenced by a complex interplay of factors. Here are key considerations: 1. **Technical Analysis**: The Nasdaq 100 is currently forming a rising wedge pattern, which is a bullish technical indicator. However, the index has also formed a bearish engulfing pattern, which is a bearish signal. 2. **Earnings Reports**: The upcoming earnings reports from tech giants such as Alphabet, Microsoft, and Meta could significantly impact the Nasdaq 100's direction. Positive earnings results could fuel a sustained break above the rising wedge, while any disappointments could trigger a pullback. 3. **Market Sentiment**: The Nasdaq 100's advance from last week's low to a 3 ½ month high on Tuesday is notable, but the index remains on track to fall for the week. The mixed performance of tech earnings and the uncertainty surrounding the US presidential elections could influence market sentiment. 4. **Uncertainty Surrounding US Presidential Elections**: The outcome of the US presidential elections can create uncertainty in the financial markets, which can impact the Nasdaq 100. The index could be affected by the uncertainty surrounding the elections, especially with two opposite candidates. 5. **Global Market Trends**: The Nikkei 225 and FTSE 100 have tracked the Nasdaq 100 lower as US yields rise to multi-month highs and some US corporate earnings disappoint. This could indicate broader market trends that could impact the Nasdaq 100's direction. In conclusion, while there are bullish technical indicators and potential for earnings-driven growth, the Nasdaq 100's direction over the next hour is uncertain and subject to various factors. Investors should closely monitor earnings reports, market sentiment, and broader global market trends to make informed decisions.