Market Update 7:00 PM ET — Bearish Breadth, 317 Bull Setups Active | September 25, 2026

Market Conditions at 7:00 PM ET

Breadth is washed out at 22% bullish, with 426 bear setups against just 317 bull setups across 1,422 stocks. The average SCTR of 5.3 confirms the damage — this is a market where nearly every name sits in the bottom decile of relative strength. SPY's SCTR reads 0 with zero bull signals, meaning the index itself offers no leadership to lean on. The few names flashing bull signals — BWET, ABTC, AMDG, AIRS, BDSX — are isolated momentum plays, not the start of a rotation. Meanwhile, BYND, AMDD, and AIXI sit in the most-extended bucket, vulnerable to sharp mean-reversion flushes. This is a tape defined by distribution, not accumulation. Into the close and the first stretch of after-hours, breadth this one-sided historically resolves in one of two ways: a late capitulation flush that drags the indices to session lows, or a weak, low-volume bounce attempt that fails into resistance. With SPY at an SCTR of 0 and no bull setups in the index, the path of least resistance is lower. Watch for a push toward the day's low in the next 60–90 minutes; any bounce should be treated as a selling opportunity until breadth reclaims at least 35–40% bullish. The extended names on the list are the first place to expect forced liquidation. Scan the full bull and bear setup lists now to position ahead of the close.