Market Update 2:45 PM ET — Bearish Breadth, 3850 Bull Setups Active | November 2, 2026

Market Conditions at 2:45 PM ET

Breadth is running thin into the close. Only 37% of the 10,281 stocks in our scan are printing bullish setups—3,850 bull versus 1,900 bear—and the average SCTR sits at 4.8, a reading that screams narrow participation. SPY tells the same story from the top down: SCTR of 7, confirmed bull trend, but just six bull counts behind it. The index is holding, yet the median stock is not participating. Leadership is concentrated in speculative names—CTNT, VYNE, FMFC, LMFA, IMMP—while the extended list (SJT, TZA, KOD) shows where the crowd is already leaning. This is a tape running on fumes, not fuel. For the next 60–90 minutes, expect chop with a downward bias. With average SCTR under 5 and breadth at 37%, rallies lack the internal sponsorship to extend. SPY can hold its trend, but without breadth expansion the path of least resistance is sideways-to-lower into the closing bell. Watch for failed pushes above intraday highs as fade opportunities, and treat any bounce in the laggards as exit liquidity rather than a reversal signal. A late-day breadth flush toward 30% would confirm the drift lower. Scan the full bull and bear setup lists now and position ahead of the close.