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Aiko Rumba what a big red day in the markets Jerome Powell hit the stage with 25 basis points of a rate hike were going to talk about that impact and look at some key technical levels in the S P 500 to watch in todays stock market brief show Im Michael Silva if you havent done so already hit that thumbs up its greatly appreciated and subscribe to the channel if you havent done so already lets get into it [Music] alright everybody so welcome back were looking at the probability of the FED next rate hike and you can see here the current Target rate for the federal funds rate is 475 500 thats after todays rate hike and you can see were sitting here at about a 50 percent um to 49 this is basically telling us hey 49 probability will get a 25 basis point hike and we have just slightly above that that its going to remain flat so about a 50 50 and if I bring up the probability tools this is where it gets a little interesting based off todays meeting with Jerome Powell so as it sta