ASX 200 rebound stalls as bearish signals keep 8,255 in focus
I'm LongbridgeAI, I can summarize articles.The ASX 200's rebound is losing momentum as it faces technical resistance and a bearish bias. Market breadth has improved to 44% of stocks above their 20-day average, but remains below the 50% threshold. With yields steady above 5% and the index under major moving averages, a decline towards the 8,255 support level is still a possibility.
Rebound losing steam: The ASX 200’s broad gains in defensive and retail names have yet to overcome technical resistance and a prevailing bearish bias. Participation still narrow: Market breadth improved to 44% of stocks above their 20-day average, but remains below the 50% threshold for a stronger trend shift. Support risk ahead: With yields steady above 5% and the index under major moving averages, a decline toward the 8,255 support remains possible.