Agree this will cause some to sell, traders mostly perhaps, but my sentiment is as it remains yesterday - let it churn and get rid of early profit takers. It would be a hard thing if it was signed today and we had to try breakout on the back of last weeks run, and with so many trapped these last few months.
The churn at high 2s / low 3s (maybe?) will be fantastic to give the TA indicators a breather and set the VWAP higher so we should see less selling when this is formally done.
All IMO, that's the big positive for me in addition to the obvious progression and de-risking
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