Market Update 4:17 PM ET — Bearish Breadth, 317 Bull Setups Active | September 24, 2026

Market Conditions at 4:17 PM ET

Breadth is washed out at 4:17 PM ET, and the numbers are unambiguous: only 22% of the 1,422 stocks in our scan are flashing bull setups (317) against 426 bear setups. Average SCTR sits at 5.3 — a reading that signals near-total technical breakdown across the tape. SPY's SCTR of 0 with zero bull count confirms the index is pinned at the bottom of its range with no internal support. The handful of names holding up — BWET, ABTC, AMDG, AIRS, BDSX — are isolated momentum pockets, not leadership. Meanwhile, BYND, AMDD, and AIXI are stretched to the downside, and extended names in a tape this weak tend to get sold into any bounce rather than bought. Into the close and the first 60–90 minutes of after-hours, breadth this one-sided favors continuation, not reversal. With 426 bear setups versus 317 bull setups and an average SCTR in the single digits, rallies lack the internal fuel to hold. Expect SPY to test session lows into the 4:00 PM bell, with any bounce capped by sellers who spent the afternoon distributing. Watch the most extended names for capitulation flushes — that is where the next tradeable snapback sets up, not in the broad tape. Until breadth reclaims at least 40% bullish and average SCTR clears 20, the path of least resistance remains lower. **Run the full breadth and SCTR scan on your own watchlist before tomorrow's open — start your free trial now.**