Market Update 7:00 PM ET — Bearish Breadth, 3853 Bull Setups Active | October 23, 2026

Market Conditions at 7:00 PM ET

Breadth is running thin into the close. Only 37% of the 10,280 stocks in our 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 leadership territory. SPY itself holds a Confirmed Bull trend with a bull count of 6, but its SCTR of just 7 means the index is carrying the tape on structure, not momentum. The speculative bid is narrow and concentrated: CTNT, VYNE, FMFC, LMFA, and IMMP are the only names printing real bull signals, while SJT, TZA, and KOD sit stretched and vulnerable to snapback. This is a market where the index can look fine while the average stock bleeds. With breadth this lopsided, the path of least resistance over the next 60–90 minutes is sideways-to-lower for the broad tape. When fewer than four in ten stocks hold bull setups and the average SCTR sits under 5, rallies lack the participation to extend—buyers are chasing a handful of names, not building a base. Expect SPY to chop near its current level with a downward bias as weak breadth drags on any push higher; failed intraday rallies into resistance are the higher-probability outcome. Watch whether bull setups expand above 40%—without that, treat strength as exit liquidity. Scan the full bull and bear setup list now and position ahead of the close.