Market Update 4:45 PM ET — Bearish Breadth, 3854 Bull Setups Active | October 22, 2026

Market Conditions at 4:45 PM ET

Market breadth is running thin into the close, with just 37% of the 10,280-stock universe in bullish posture—3,854 bull setups against 1,896 bear setups. The average SCTR of 4.8 confirms the weakness: this is a market where the majority of names sit at the bottom of their relative-strength range. SPY holds a Confirmed Bull trend with a bull count of 6, but its SCTR of 7 shows the index is being carried by a narrow group of leaders rather than broad participation. Top bull signals are clustered in low-float speculative names—CTNT, VYNE, FMFC, LMFA, IMMP—which is where you find strength when institutional breadth is this compressed. SJT, TZA, and KOD screen as the most extended, with TZA's presence flagging persistent demand for downside protection. With breadth at 37% and the average SCTR below 5, the path of least resistance over the next 60–90 minutes is lower for the broad tape. Weak breadth into the final stretch of the session typically invites selling pressure as intraday longs trim exposure and index-level support gets tested. Watch SPY's Confirmed Bull trend as the line in the sand—a break there would accelerate the move. The speculative bull signals can keep running independent of the index, but they won't hold the market up alone. Scan the full bull and bear setup lists on the platform before the bell and set your levels for tomorrow's open.