Market Update 3:00 PM ET — Bearish Breadth, 317 Bull Setups Active | September 24, 2026

Market Conditions at 3:00 PM ET

Breadth has collapsed into a decisively bearish tape this afternoon. Only 22% of the 1,422 stocks in our scan are flashing bull setups — 317 against 426 bear setups — and the average SCTR sits at a dismal 5.3. SPY is the tell: SCTR 0, zero bull signals, no trend support. That is a market with no leadership at the index level, and when the largest ETF in the world scores a zero on relative strength, rallies get sold. The handful of names still working — BWET, ABTC, AMDG, AIRS, BDSX — are isolated momentum plays, not a coherent theme. Meanwhile, BYND, AMDD, and AIXI are stretched to the upside and vulnerable to sharp mean-reversion flushes. Into the close, expect continued downside pressure. With breadth this one-sided and SPY printing a zero SCTR, the path of least resistance over the next 60 to 90 minutes is lower. Bounces should be shallow and short-lived — sellers have controlled every intraday lift today, and there is no breadth thrust to reverse that. Watch the extended names for the sharpest drops; crowded longs in stretched tickers are where the pain accelerates. If SPY breaks the afternoon low, expect a momentum flush into the final hour as late sellers press positions into the bell. **Want these breadth signals in real time? Start your free trial of our intraday scanner now.**