Market Update 2:30 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 4, 2026

Market Conditions at 2:30 PM ET

Breadth is running thin into the afternoon session at 2:30 PM ET. Only 37% of the 10,281 stocks in the scan are printing bullish setups—3,849 bull versus 1,901 bear—and the average SCTR of 4.8 tells you the typical name is nowhere near trending strength. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, so the index itself is intact, but the leadership underneath is narrow. The top bull signals are small caps—CTNT, VYNE, FMFC, LMFA, IMMP—while the most extended names, SJT, TZA, and KOD, skew toward volatility and defensive plays. That mix says money is rotating, not expanding. For the next 60–90 minutes, expect chop with a downward bias in breadth. A 37% bullish reading with an average SCTR under 5 rarely resolves into a broad afternoon rally; the setup favors failed breakouts and fade attempts on individual names while SPY grinds sideways in its confirmed uptrend. Watch whether bull setups reclaim 40%—if they don't, sellers control the tape into the close, and the extended names on the list are where reversals hit hardest. Scan the full bull and bear setup list now to position ahead of the close.