Market Update 3:45 PM ET — Bearish Breadth, 3855 Bull Setups Active | October 21, 2026

Market Conditions at 3:45 PM ET

Breadth is running thin into the close at 3:45 PM ET. Only 38% of the 10,280 stocks in our scan are printing bullish setups—3,855 bull versus 1,898 bear—and the average SCTR of 4.8 tells you most names are sitting near the bottom of their relative strength range. SPY is the outlier: SCTR 7, trend confirmed bull, six bull counts stacked on the board. That divergence between index-level trend and single-stock participation is the whole story this afternoon. Leadership is narrow and speculative—CTNT, VYNE, FMFC, LMFA, and IMMP are driving the top bull signals, while SJT, TZA, and KOD sit most extended and vulnerable to snapback. For the next 60–90 minutes, expect chop with a downward bias in breadth even if SPY holds its trend. With 62% of stocks leaning bearish and the average SCTR under 5, there's no broad fuel for a late-day melt-up. Watch for failed breakouts in the extended names and rotation into the few confirmed-bull setups. If SPY loses its trend line, the thin breadth turns into acceleration lower into the bell. Run the full scan and position sizing on the platform before the close.