Nasdq 100 will continue going up for the next 1 hours?
10/31/2024 00:11am
**The Nasdaq 100's performance in the next hour is uncertain**. While there are some positive factors that could contribute to further gains, such as strong earnings reports from companies like Alphabet and Reddit, and the anticipation of earnings from Meta and Microsoft, there are also potential downside factors to consider:
1. **Earnings Expectations**: The market is awaiting the earnings reports from Meta and Microsoft, which could bring either positive or negative surprises. If the earnings fall short of expectations, it could lead to a negative reaction in the market.
2. **Market Sentiment**: The Nasdaq 100 has been range-bound ahead of the earnings releases from Meta and Microsoft, indicating a sense of caution among investors. If the market is uncertain about the outlook for these companies, it could limit the potential for gains.
3. **Historical Performance**: The Nasdaq 100 has experienced some losses in the recent past, with the Dow and DAX also edging back from their record highs. This suggests that the market may be experiencing some consolidation or profit-taking ahead of the weekend.
Given these factors, while there is potential for the Nasdaq 100 to continue going up in the next hour due to positive earnings reports and historical seasonality, there are also potential downside risks to consider. Investors should weigh these factors carefully before making trading decisions.