Market Update 3:47 PM ET — Bearish Breadth, 317 Bull Setups Active | September 25, 2026

Market Conditions at 3:47 PM ET

Breadth has collapsed into deeply negative territory at 3:47 PM ET, with only 22% of the 1,422 stocks in our scan showing bullish setups—317 bulls against 426 bears. The average SCTR reading of 5.3 is about as washed-out as it gets, and SPY's SCTR of 0 with zero bull signals confirms the index is dragging the entire tape lower. Leadership is thin and speculative: BWET, ABTC, AMDG, AIRS, and BDSX are the only names flashing bull signals, and none of them carry enough weight to reverse broad weakness. Meanwhile, BYND, AMDD, and AIXI are stretched to the downside, a sign that selling pressure is concentrated in the most vulnerable names rather than being broadly indiscriminate—yet. Into the close, the path of least resistance remains lower. With breadth this one-sided and SPY showing zero bullish participation, rallies into the final 60–90 minutes should be sold. Watch for a late-day push toward session lows as sellers press extended names and underweight longs capitulate. A bounce is possible if BYND and AIXI stabilize, but without SPY bull signals materializing, any uptick is a fade, not a reversal. The 22% bullish reading typically precedes continued weakness into the bell rather than a V-shaped recovery. Scan the full bull and bear setup lists now to position ahead of the close.