Market Update 7:45 PM ET — Bearish Breadth, 2366 Bull Setups Active | September 7, 2026

Market Conditions at 7:45 PM ET

**Market Conditions at 7:45 PM ET** Breadth is decisively bearish. Only 23% of the 10,219 stocks tracked are in bullish setups—2,366 bulls versus 2,622 bears. The average SCTR sits at a paltry 5.7, confirming a broad, systemic loss of momentum. SPY itself is technically in a "Confirmed Bull" trend, but its SCTR of 7 and a bull count of zero expose this as a hollow label. The index is being held up by a handful of names while the underlying tape crumbles. Leading signals (CCUP, TCGL, GGLS) are isolated, not systemic. Meanwhile, extended losers like STFS, DFSC, and OSCG suggest the selling is still in its acceleration phase, not exhaustion. **Next 60–90 Minutes** The data points to continued downside pressure into the close. With bulls at 23%, any bounce attempt will face immediate supply from the 2,622 bear setups waiting to be triggered. The lack of new bull signals on SPY means dip-buyers are absent. Expect price to drift lower or chop sideways with a negative bias. The most probable path is a retest of session lows, with a break below that level accelerating the move as stop-losses cascade. Do not anticipate a reversal until breadth shows a sudden spike in bull counts above 30%. **Action:** Stay short or flat; do not fight the 77% bearish tape into the final hour.