Market Update 1:30 PM ET — Bearish Breadth, 317 Bull Setups Active | September 28, 2026

Market Conditions at 1:30 PM ET

Market breadth is running at 22% bullish as of 1:30 PM ET, with 317 bull setups against 426 bear setups across 1,422 stocks. The average SCTR sits at a dismal 5.3, and SPY is pinned at an SCTR of 0 with zero bull count — a reading that confirms the index is dragging the entire tape lower rather than leading it. This is a market where the majority of individual names are failing to generate any upside momentum, and the few pockets of strength are isolated rather than thematic. The top bull signals — BWET, ABTC, AMDG, AIRS, BDSX — are scattered across unrelated sectors, which tells you there is no coherent leadership bid underneath the surface. Meanwhile, BYND, AMDD, and AIXI are the most extended names, and extended stocks in a weak breadth tape are the first to get sold into any bounce attempt. With breadth this lopsided and SPY showing no bull count whatsoever, the path of least resistance over the next 60 to 90 minutes is lower. The 426 bear setups vastly outnumber bull setups, and when the average SCTR is below 10, rallies tend to be shallow and quickly faded. Watch for any intraday bounce to stall near the prior hour's high, with sellers likely to press into the close. A breadth reading this weak rarely resolves higher without a capitulation flush first — expect probes toward the session's lows before any meaningful stabilization. Scan the full bull and bear setup list on the platform to position ahead of the next leg.