Market Update 3:45 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 3:45 PM ET

Breadth is thin into the close. Only 37% of the 10,281 stocks in the scan are flashing bull setups—3,849 against 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 carries a 7 SCTR with a Confirmed Bull trend and six bull counts, so the index is holding up while the median stock lags badly. That is a narrow tape. The speculative bid is concentrated in small caps—CTNT, VYNE, FMFC, LMFA, IMMP—while SJT, TZA, and KOD sit most extended and are the names most vulnerable to a snapback. With breadth this weak and the average SCTR under 5, the path of least resistance over the next 60–90 minutes is lower for the broad market. Six SPY bull counts against a 37% breadth reading is a divergence, not confirmation—index strength is being carried by a handful of names while the majority of stocks fail to participate. Expect sellers to press into the close, with the extended names (SJT, TZA, KOD) leading any reversal and the small-cap bull signals fading fast if the tape rolls. Watch whether breadth deteriorates below 35% in the final hour; that would confirm distribution rather than a drift. Scan the full breadth and SCTR dashboard before the bell to position for tomorrow's open.