Market Update 8:00 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 4, 2026

Market Conditions at 8:00 PM ET

Breadth is running thin into the close. 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 trend strength. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, so the index itself is intact, but the internals underneath are not confirming it. The speculative bid is narrow and concentrated: CTNT, VYNE, FMFC, LMFA, and IMMP are the only names flashing top bull signals, and the extended list—SJT, TZA, KOD—shows where the crowd is already stretched. For the next 60–90 minutes, expect chop with a downward bias. A 37% bullish reading with a 4.8 average SCTR means rallies lack participation, and SPY's low SCTR of 7 leaves little cushion if sellers press. Watch whether breadth can reclaim 40%; if it can't, the path of least resistance is a fade into the close with the extended names leading the downside. A push above 40% flips the setup to a grind higher into the bell. Scan the full bull and bear setup lists now and position ahead of the close.