FTSE 100: the bull holds the structure but momentum is fading

The FTSE 100 is in week 11 of a buy signal that still holds on a structural level, but momentum is fading: signal strength drops to 11 out of 100 and is weakening, while the trade stays in a slight loss, at -1.60% from entry. Price works just above the short-term moving averages, supported by a double bottom in the 997 area. The first two scale-out windows have already passed; the third is still far off.