Market Update 3:00 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 3:00 PM ET

Breadth is running thin into the final stretch of the session. Only 37% of the 10,281 stocks in our scan are printing bullish setups—3,849 against 1,901 bear setups—and the average SCTR sits at a dismal 4.8. SPY tells the same story: a Confirmed Bull trend on the surface, but an SCTR of just 7 with a bull count of 6. That's a market being held up by a handful of names, not a broad advance. The speculative fringe is where the action is: CTNT, VYNE, FMFC, LMFA, and IMMP lead the bull signals, while SJT, TZA, and KOD screen as the most extended. TZA's presence on that list confirms the defensive bid underneath the tape. For the next 60–90 minutes, the breadth data argues for caution on the long side. With average SCTR under 5 and only 37% of stocks participating, rallies lack the internal fuel to hold. Expect SPY to struggle to extend gains and to chop or fade into the close, with leadership narrowing further into the small-cap momentum names already flagged. Watch for a late-session rotation toward the extended inverse plays if breadth deteriorates from here. Scan the full bull and bear setup lists now and position ahead of the close.