Posted 10:00 AM ET - Last week the Market staged a relief rally after the Fed raised rates by 25 basis points. This was better than feared and triple witching fueled a breakout above the downward sloping D1 trend line for SPY. The 200-day MA is in range and I expect it to be tested this week. The issues plaguing the market (inflation, Fed tightening and the war in Ukraine) have not improved, but the initial shock of these events is starting to wane. The first rate hike by the Fed will not have much of an impact, but they plan …