Market Update 3:00 PM ET — Bearish Breadth, 3853 Bull Setups Active | October 23, 2026

Market Conditions at 3:00 PM ET

Breadth is running thin into the final stretch of the session. Only 37% of the 10,280 stocks in the scan are flashing bullish setups—3,853 bull versus 1,896 bear—and the average SCTR of 4.8 tells you the typical name is nowhere near trend strength. SPY holds a Confirmed Bull trend with six bull counts, but its SCTR of 7 confirms the index itself is doing the heavy lifting while the median stock lags. The day's leadership is pure speculative small-cap: CTNT, VYNE, FMFC, LMFA, and IMMP top the bull signals, while SJT, TZA, and KOD sit most extended and ripe for mean reversion. For the next 60–90 minutes, expect chop with a downward bias in breadth. A 37% bullish reading with an average SCTR under 5 rarely resolves into a broad afternoon rally—there simply aren't enough setups underneath to sustain one. Watch for SPY to hold its trend while the advance/decline line deteriorates, a setup that favors fading extended movers like SJT and TZA over chasing the small-cap spikes. If breadth can't push past 40% by 3:30, the close likely comes in soft and uneven. Scan the full bull and bear signal lists now and position ahead of the close.