Market Update 6:45 PM ET — Bearish Breadth, 3854 Bull Setups Active | October 22, 2026

Market Conditions at 6:45 PM ET

Breadth is running thin into the close. Only 37% of the 10,280 stocks in our scan are printing bull setups (3,854 against 1,896 bear setups), and the average SCTR of 4.8 tells the same story: this is a weak, narrow tape where most names are stuck below their intermediate trend lines. SPY carries a confirmed bull trend with six bull counts, but its SCTR of 7 shows the index is holding up on the backs of a handful of leaders, not broad participation. The speculative money is chasing CTNT, VYNE, FMFC, LMFA, and IMMP, while SJT, TZA, and KOD are stretched to the upside. That combination—hot single-name signals against a cold average—is a tape that rewards selectivity and punishes index-level conviction. For the next 60 to 90 minutes, expect chop with a downward bias in the broad market. With 63% of stocks leaning bearish and the average SCTR below 5, there is no fuel for a sustained afternoon rally. SPY's confirmed bull trend should keep the index from breaking down hard, but the path of least resistance is sideways-to-lower as weak hands get flushed and breadth stays pinned under 40%. Watch for failed breakouts in the extended names—SJT and TZA especially—as a tell that risk appetite is fading into the bell. Scan the full bull and bear setup lists on the platform now and position ahead of tomorrow's open.