The last few days have been calm, and the market has remained sideways due to the holiday in the US. The only significant event was the reapplication to the SEC from BlackRock, which caused a temporary rise to around 31,000.
Today, the key event to look out for is the publication of the FOMC minutes. Since this was a very hawkish event, I lean more towards a bearish scenario, as I think mainly negative excerpts about interest rate hikes will gain momentum. I view these movements as noise and the main target remains around 32,000, but at the moment the bulls lack fundamental reasons to climb there. Nevertheless, one must be prepared for surprises, the SEC could consider applications at any moment, and this will have an instant impact on the market. FOMC minutes will be released today 18:00 GMT.
