Is the Fed Going Hawkish?

When the fed has gone hawkish, the market performs exceptionally well. It's happened 12 times since the 19 fifties and 11 of those times, the market has reacted exceptionally well. I don't see a world where we break over this 50 day moving average on the heels of increase in federate increase in interest rates coming in the next couple of weeks. We can weirdly call itt a double bottom if we so choose but i'd actually prefer to see it go a little bit lower. The thing that i'm noticing here is a steady decline in volume at the bottom right of the chart. It kind of tells me that the selling pressure is druant.