Market Update 3:30 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 3:30 PM ET

Breadth is weak into the close. Only 37% of the 10,281 stocks in the scan are flashing bullish setups—3,849 bull versus 1,901 bear—and the average SCTR of 4.8 tells you the typical name is sitting near the bottom of its relative strength range. SPY is the outlier: SCTR 7, Confirmed Bull trend, six bull counts. That divergence is the story. The index is holding while the average stock bleeds, which means leadership is narrow and the tape is being carried by a handful of names. CTNT, VYNE, FMFC, LMFA, and IMMP are the top bull signals, but with average SCTR this depressed, these are counter-trend pops, not broad participation. SJT, TZA, and KOD are the most extended—TZA in particular flags defensive positioning. Into the last 60–90 minutes, the breadth math favors drift over breakout. With 63% of stocks leaning bearish and average SCTR under 5, there is no fuel for a broad rally. Expect SPY to chop in a tight range, with upside capped by the lack of participation and any push higher driven by the same narrow group. Watch for a late-session fade if the bull count on SPY drops below six—that would confirm the index is finally tracking the weak internals. Scan the full signal list and set your alerts before the bell.