Will Nasdaq 100 continue going down for the next 1 hour?

**Nasdaq 100's Performance is Likely to be Steady**. 1. **Recent Performance and Market Sentiment**: The Nasdaq 100 index has been steady, with a slight increase of 0.98% on October 29, 2024, to close at 20,550.65. This indicates a general stability in the market sentiment towards the index. 2. **Economic Indicators and Market Expectations**: The index's performance is also influenced by broader economic indicators. For instance, the US dollar's rise has led to concerns about geopolitical tensions, which could impact market volatility. However, the Nasdaq 100 has shown resilience in the face of such fluctuations. 3. **Upcoming Earnings Releases**: The upcoming earnings releases by Meta and Microsoft are anticipated to play a significant role in the index's future performance. These companies are expected to report on their ad sales and cloud revenue, which are critical components of their business and can influence market sentiment. 4. **Historical Context and Technical Analysis**: Historically, the Nasdaq 100 has had a highest point of 20,552.82 and an average point of 20,161.00. The index is currently trading close to its historical average, suggesting a balanced market outlook. 5. **Short-Term Volatility**: While there may be some short-term volatility due to earnings reports and market sentiment, the overall trend of the Nasdaq 100 is likely to be steady. The index has shown a ability to bounce back from losses, as seen in its recovery from a high of 20,760 to a low of 19,750. In conclusion, while there may be some minor fluctuations in the next hour due to market dynamics and earnings reports, the Nasdaq 100 is likely to continue its steady performance, anchored by its historical average and the resilience of the broader market.