Will nsdq100 continue going up for the next hour?

The Nasdaq 100 index is likely to continue its upward trend in the immediate future, based on the following points:

1. Record High and Recent Gains: The Nasdaq 100 has already reached a record high, closing at an all-time high on November 6, 2024, after a 2.7% increase. This is a strong indicator of bullish sentiment among investors.

2. Election-Related Optimism: The index's rise coincides with the US presidential election, which has led to optimism about a more favorable regulatory environment for big tech companies. This positive sentiment is likely to continue as investors anticipate potential policy changes that could benefit tech giants.
3. Strong Earnings Reports: Recent earnings reports from companies like Alphabet and Reddit have exceeded expectations, driven by strong ad sales and cloud revenue. This suggests that the underlying fundamentals of tech companies are robust, which could support further gains in the Nasdaq 100.

4. Market Confidence: The FTSE 100 has also rallied, and the S&P 500 is trading in new record highs, indicating broader confidence in the US equity market. This cross-market confidence can often spill over to the Nasdaq 100, leading to a positive trend.
5. Technical Indicators: The Nasdaq 100's technical indicators show bullish signals, with the index trading above both the 55-day simple moving average and the October-to-November downtrend line. If these trends continue, it could signal a strong upward movement in the index.

In conclusion, the Nasdaq 100 is poised for potential continued growth in the next hour, based on its recent record high, the positive impact of the election results, strong earnings reports, market confidence, and bullish technical indicators. However, it's important to note that investment decisions should always be based on a comprehensive analysis and consideration of various market factors.