Market Update 7:20 PM ET — Bearish Breadth, 2363 Bull Setups Active | September 8, 2026

Market Conditions at 7:20 PM ET

**Market Conditions at 7:20 PM ET** Breadth is deteriorating sharply. Only 23% of the 10,219 stocks scanned are in bullish setups—that’s a 2,623-to-2,363 bear-to-bull ratio. The average SCTR sits at a paltry 5.7, confirming a broad, systematic selloff rather than isolated sector weakness. SPY itself holds a Confirmed Bull trend on its daily chart, but its SCTR of 7 and a bull count of zero signal that the index is barely participating in its own uptrend. This is a tape where the indices are being propped up by a handful of mega-caps while the underlying market bleeds. The top bull signals (CCUP, TCGL, GGLS, BWET, STAK) are low-float names, not institutional leadership. Meanwhile, STFS, DFSC, and OSCG are extended to the downside—momentum is breaking, not building. **Next 60–90 Minutes** Expect continued downside pressure into the close. With 26% more bear setups than bull setups and an average SCTR below 6, the path of least resistance is lower. The lack of any fresh bull count on SPY means dip-buyers are absent. Price will likely retest the session’s lows or make new ones. Any bounce will be shallow and short-lived—this is not a market to buy strength into the bell. Look for SPY to grind lower with expanding volume as shorts press into the close. **Action:** Stay flat or lean short into the final hour; do not chase longs until breadth flips above 40%.