Market Update 5:15 PM ET — Bearish Breadth, 317 Bull Setups Active | September 24, 2026

Market Conditions at 5:15 PM ET

Breadth collapsed into the close. With 22% of the 1,422 stocks in our universe printing bullish setups—317 bull versus 426 bear—this is a market leaning decisively negative. The average SCTR of 5.3 confirms it: the typical stock sits in the bottom decile of relative strength. SPY's SCTR of 0 with zero bull setups is the tell. There is no leadership at the index level, no cushion beneath price. When the largest, most liquid instrument in the market registers zero on trend strength, rallies are for selling, not chasing. The bid is thin, and the tape knows it. Into the next 60–90 minutes, expect continued downside pressure and failed bounce attempts. Bear setups outnumber bulls by more than 100, and with average SCTR pinned near zero, there is no broad base of stocks capable of powering a reversal. Any intraday lift should stall quickly—likely at the first resistance level—as sellers use strength to exit. Watch the top bull signals (BWET, ABTC, AMDG, AIRS, BDSX) for isolated momentum, but do not mistake single-name strength for a market turn. The extended names (BYND, AMDD, AIXI) are stretched and vulnerable to sharp mean reversion. Bias stays short until breadth improves materially. Scan the full bull and bear setup lists on the platform now to position ahead of the next leg.