Market Update 4:47 PM ET — Bearish Breadth, 317 Bull Setups Active | September 24, 2026

Market Conditions at 4:47 PM ET

Market breadth closed the session at 22% bullish—317 bull setups against 426 bear setups across 1,422 stocks—with an average SCTR of just 5.3. That's a deeply oversold tape, not a neutral one. SPY's SCTR reads 0 with zero bull count, meaning the index itself is generating no upside setups at all. The few names flashing bull signals—BWET, ABTC, AMDG, AIRS, BDSX—are isolated movers, not the start of a broad rotation. Meanwhile BYND, AMDD, and AIXI sit pinned to their most-extended readings, the kind of stretched positioning that tends to unwind violently when buyers fail to show. With breadth this lopsided and SPY contributing nothing, the path of least resistance into the next 60–90 minutes is lower. A 22% bullish reading rarely marks a bottom on the first touch—it typically forces one more flush before any reflexive bounce. Watch whether the 426 bear setups convert into follow-through selling or get absorbed; if they convert, expect SPY to probe session lows and drag the extended names down hardest. Any bounce from here is a countertrend trade, not a reversal. Scan the full bull and bear setup list on the platform before the close.