Will nsdq100 continue go up in 30 mins

The NASDAQ 100 index is not currently projected to continue its upward trend in the next 30 minutes, based on the following analysis: 1. **Recent Performance**: The NASDAQ 100 has experienced a decline of 15% from its July 17, 2024, high of 19,799.00. This indicates a recent bearish trend. 2. **Technical Indicators**: The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. This suggests that the index may not experience a significant upward movement in the short term. 3. **Support and Resistance Levels**: The NASDAQ 100 has support at points 18,300 and resistance at points 20,670. The index is currently trading below its 50-day moving average of 19,670, which could indicate a bearish trend. 4. **Market Sentiment**: There are signs of a potential top for the NASDAQ 100, with some analysts suggesting it may be over-valued. Additionally, the index has experienced a recent drop of 8.8% due to weak performance in technology sector stocks like Nvidia, which could further impact its short-term movement. In conclusion, while the NASDAQ 100 has shown a positive trend in the short term, as of the latest available data, it does not appear to be heading for a significant upward movement in the next 30 minutes. Investors should monitor the market closely for any changes in sentiment or indicators that could affect the index's short-term direction.