Market Update 2:00 PM ET — Bearish Breadth, 3853 Bull Setups Active | October 23, 2026

Market Conditions at 2:00 PM ET

Breadth is thin at 2:00 PM ET: just 37% bullish (3,853 bull setups vs. 1,896 bear setups across 10,280 stocks), with an average SCTR of 4.8. That's a market running on fumes beneath the surface. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, so the index itself isn't broken—but the internals are doing the heavy lifting for a very narrow group. Top bull signals are firing in CTNT, VYNE, FMFC, LMFA, and IMMP, while SJT, TZA, and KOD screen as the most extended names. TZA's presence on that list tells you the tape is paying for downside protection. With breadth this weak, the path of least resistance into the close is sideways-to-lower. A 37% bullish reading with an average SCTR under 5 typically precedes drift, not drive—expect SPY to chop in a tight range with a downside bias over the next 60-90 minutes. Watch whether bull setups can reclaim 40% breadth; failure there keeps pressure on and favors fade rallies over breakout chases. The extended names (SJT, TZA, KOD) are where mean-reversion risk is highest. Scan the full bull and bear setup lists now and position ahead of the close.