Will Nasdaq 100 continue going in the next 1 hour?

Nasdaq 100's future direction in the next hour is uncertain. Here's a detailed analysis to support this view:

1. Recent Performance: The Nasdaq 100 index has experienced a steady climb, with a recent high of 20,227.19, but it has also faced some setbacks, such as a dip to 19,896.75. This indicates a stock that is both strong and volatile.

2. Technical Indicators: The Nasdaq 100 index is currently forming a critical technical pattern. It has been building a rising wedge pattern since August, and with the upcoming earnings reports, there is a possibility of a breakout. However, if the earnings disappoint, it could lead to a pullback.
3. Economic Factors: The broader economic context includes concerns over an economic slowdown outside the US, which could impact investor sentiment. Additionally, the upcoming earnings reports from companies like Meta and Microsoft are crucial, as they could influence the index's direction.
4. Market Sentiment: The market is cautious, with some concerns over economic slowdowns and earnings disappointments. This sentiment could lead to a more cautious approach to investing in the Nasdaq 100 index in the coming hours.

In conclusion, while the Nasdaq 100 index has the potential for growth due to its technical patterns and the strong performance of its constituent companies, the uncertainty surrounding earnings reports and broader economic concerns makes it difficult to predict with certainty whether it will continue to climb in the next hour. Investors should closely monitor the situation and consider all available information before making investment decisions.