Tech leads a better bounce, but the FOMC meeting along with Oil breaking support look to be the key for SPX clearing 7,728

In this video on the S&P 500 outlook October 2026, Mark L. Newton, CMT, reviews how the latest rebound in U.S. equities is lining up against key technical levels ahead of the late-October FOMC meeting. Newton also explains how short-term market breadth, institutional positioning and seasonal patterns into November fit into his near-term risk framework.

The video examines the interaction between crude oil and crack spreads, and what recent weakness in the VanEck Oil Refiners ETF (CRAK) and broader Energy complex might signal if Brent and WTI futures break identified trend levels. Newton highlights the Roundhill Memory ETF (DRAM) and SK Hynix (SKHY) earnings as focal points for the “memory trade,” outlining how recent price action, volume, and earnings expectations could influence semiconductor sentiment. The full 9-minute video includes all charts referenced, along with Newton’s detailed technical roadmap and scenario analysis for U.S. indices, technology, refiners and crude oil into early November.

In this video on the S&P 500 outlook October 2026, Mark L. Newton, CMT, reviews how the latest rebound in U.S. equities is lining up against key technical levels ahead of the late-October FOMC meeting. Newton also explains how short-term market breadth, institutional positioning and seasonal patterns into November fit into his near-term risk framework.

The video examines the interaction between crude oil and crack spreads, and what recent weakness in the VanEck Oil Refiners ETF (CRAK) and broader Energy complex might signal if Brent and WTI futures break identified trend levels. Newton highlights the Roundhill Memory ETF (DRAM) and SK Hynix (SKHY) earnings as focal points for the “memory trade,” outlining how recent price action, volume, and earnings expectations could influence semiconductor sentiment. The full 9-minute video includes all charts referenced, along with Newton’s detailed technical roadmap and scenario analysis for U.S. indices, technology, refiners and crude oil into early November.

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