Market Update 4:00 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 4:00 PM ET

Breadth is weak under the hood at 4:00 PM ET. Only 37% of the 10,281 stocks in the scan are printing bullish setups (3,849 bull vs. 1,901 bear), and the average SCTR of 4.8 tells the same story—most names are trading below their intermediate trend benchmarks. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, so the index itself is intact while participation narrows beneath it. That divergence is the day's defining feature: leadership is thin, and the top bull signals—CTNT, VYNE, FMFC, LMFA, IMMP—are small-cap momentum names, not broad-market engines. Extended names SJT, TZA, and KOD flag where positioning is stretched. Into the close and the next 60–90 minutes, breadth this lopsided favors drift over breakout. With 63% of stocks leaning bearish and average SCTR below 5, rallies lack the internal fuel to hold—expect SPY to chop in a tight range with a downward bias, and failed intraday pops are the higher-probability outcome. Watch whether bull setups climb back above 40%; until they do, upside follow-through is a low-odds bet. Get the full breadth and SCTR dashboard before the bell—subscribe now.