Russell 2000, the buy holds but weekly momentum loses steam

The Russell 2000 has been in buy mode for 8 weeks and trades less than 4% below its all-time highs. The weekly structure stays bullish — moving averages aligned, price above the cloud — but momentum is slipping: MACD fading, buyer participation declining. The Signal Strength recalibrates to 38 out of 100, the IQS Phase sits in ordinary territory at 41 and the first of the 3 statistical profit-taking areas has already been reached. A maturing picture, not a reversal.