Long the FTSE 100 | Trade of the week

This week, we're going long the FTSE 100, as buyers defend the key support area around 10,650 and the index shows signs of recovery to start the new week. With further rotation expected into non-tech stocks, we're targeting a move up to 11,000, the level nearly reached at the end of July. Stop is set at 10,600, below last week's low and a key support level from earlier in September. Last week's long NASDAQ 100 was stopped out at 29,000 as tech fears resurfaced and the index reversed sharply towards the end of the week. 👉 In this video: ✅ Why we're going long the FTSE 100 ✅ Key entry, stop and target levels ✅ Update on the NASDAQ 100 trade #Trading #FTSE100 #Stocks #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/ways-to-trade?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=trading&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 70% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.