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so Jerome Powell strikes again hitting the markets with a 25 basis point rate hike to maintain his credibility while kind of and offers up some clarity as to how the FED will proceed into the remainder of 2023. now obviously we sold off quite aggressively into the close here but theres really just one Dynamic that you need to focus on if the markets are going to see continuation in the downward direction for the remainder of the week were going to explore that concept and More in todays episode of the midweek market update hit the Thumbs Up Button And subscribe to the channel if youve not done so already check out the links listed down below and stay tuned until the very end of the video Ive got three additional trade ideas to share with you that youre not going to want to miss with that said lets kick things off here on the Spy daily time frame chart what do we see from a trend perspective still definitely in a daily downtrend with lower highs being found at a structurally sign