Market Update 5:00 PM ET — Bearish Breadth, 317 Bull Setups Active | September 25, 2026

Market Conditions at 5:00 PM ET

Breadth collapsed into the close. Only 22% of the 1,422 stocks in our scan are flashing bull setups—317 against 426 bear setups—and the average SCTR sits at a dismal 5.3. SPY is the tell: SCTR 0, zero bull signals, no trend support. That is a market with no leadership at the index level. The handful of names still working—BWET, ABTC, AMDG, AIRS, BDSX—are isolated momentum plays, not the foundation of a broad tape. Meanwhile, BYND, AMDD, and AIXI are stretched to the upside, which means the few pockets of strength are extended and vulnerable to quick reversals. With breadth this one-sided, the path of least resistance over the next 60 to 90 minutes is lower. A 22% bullish reading with an average SCTR of 5.3 doesn't produce sustained afternoon rallies—it produces failed bounces and grind-down drift. Watch for any push in SPY to stall near intraday resistance and roll over as sellers press the extended names. If the bull count can't climb above 400 in the next hour, expect probes of the day's lows into the final stretch. Run our real-time breadth dashboard to catch the next shift before the close.