S&P 500 just hit its 23rd all-time high but sentiment still bearish

The S&P 500 just hit its 23rd all-time high — and bearish sentiment is surging. What is the chart actually telling us right now? Roger from Selfwealth by Syfe and Jason from Motion Trader break down the price action across three markets and 20 viewer-submitted stocks in this week's live technical analysis session. 🔔 Subscribe so you never miss a weekly edition of Selfwealth Live. 🌐GET 10 FREE TRADES: When you sign up for a new Selfwealth account: http://selfwealth.com.au/live-free-tr... Learn more about Selfwealth by Syfe here: https://www.selfwealth.com.au 🌐GET A 14-DAY MOTION TRADER TRIAL: http://selfwealth.com.au/motion-trade... Learn more about Jason here: https://www.motiontrader.com.au/ This week we cover: ✔ ASX 200 — prices are grinding lower below declining moving averages, but the selling hasn't been overwhelming. Is a base forming, or is a breakdown coming? ✔ US MARKETS — nine consecutive up weeks for the S&P 500, a new all-time high for the Dow, and the equal-weight index confirming broad participation. ✔ HANG SENG & CHINA — the Hang Seng is still ranging, but China is holding above rising moving averages. ✔ Q&A from viewers - read demand vs supply without volume and hedged vs unhedged US ETFs and the rising Aussie dollar. ✔ Live technical analysis of viewer-selected shares. We welcome anyone who is interested in systematic share trading and technical analysis to come and join us. ----- ⏱ Timestamps 0:00 Introduction & Disclaimer 1:17 Disclaimer — general commentary only 2:08 ASX 200 — basing or breakdown? Two scenarios 8:38 S&P 500 — 9 up weeks, 23rd all-time high 12:40 Dow Jones — confirms new high; all US indices aligned 14:24 Why price action beats waiting for the "all-clear" from news 21:00 Hang Seng — still ranging; key levels to watch 24:26 China — holding above rising MAs; constructive structure 24:41 Q&A — how to read demand vs supply without volume 27:34 Q&A — hedged vs unhedged US ETFs and the rising Aussie dollar 30:07 Viewer stock codes analyzed (on the ASX, unless otherwise indicated)* AS1, MGH, SDR, WTC, OMA, SHA, NHC, TEA, MPL, CTT, GHY, TWD, AMC, ATEC, VBUL, AFG, SOUN (NYSE), NXT, NOW (NYSE), TEAM (NASDAQ) ----- #TechnicalAnalysis #ASX #StockMarket #SelfWealth #MotionTrader SELFWEALTH DISCLAIMER SelfWealth Pty Ltd ABN 52 154 324 428 (“Selfwealth”) (AFSL 421789). Selfwealth LIVE videos contain general financial advice only. That means the information has not taken into account your needs, goals or objectives, so you should not act on the information until you have spoken to a licensed and trusted financial planner. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser and/or accountant. Taxation, legal and other matters referred to in this video are of a general nature only and should not be relied upon in place of appropriate professional advice. You should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. Jason McIntosh is the founder of Motion Trader Ltd (ABN 57 628 214 157) which is a Corporate Authorised Representative (CAR No. 1274210) of Shartru Wealth Management Pty Ltd (ABN 46 158 536 871), AFSL 422409. The views expressed by Jason in this video are his own and do not necessarily reflect those of Selfwealth.