Market Update 2:46 PM ET — Bearish Breadth, 317 Bull Setups Active | September 25, 2026

Market Conditions at 2:46 PM ET

Market breadth has deteriorated sharply into the afternoon, with only 22% of the 1,422 stocks in our scan showing bullish setups—317 bull versus 426 bear. The average SCTR sits at a dismal 5.3, and SPY is pinned at an SCTR of 0 with zero bull signals. That combination tells you institutions are not accumulating here; they're distributing or sitting out entirely. The handful of names bucking the tape—BWET, ABTC, AMDG, AIRS, BDSX—are isolated momentum plays, not the start of a broad rotation. Meanwhile, BYND, AMDD, and AIXI are stretched to the upside and vulnerable to sharp mean-reversion flushes if selling accelerates. With breadth this lopsided and SPY showing no technical strength, the path of least resistance over the next 60 to 90 minutes is lower. Bear setups outnumber bulls by more than 100, and when the average SCTR collapses below 10, rallies tend to get sold into rather than extended. Watch for failed bounces near intraday resistance and a likely push toward session lows as the close approaches. If the extended names on that list start breaking down, it will confirm the risk-off tone and likely drag the broader tape with them. Scan the full bull and bear setup lists now to position ahead of the close.