There were no announcements just another promise of one being imminent, which has not yet occured and the sp reacts accordingly.

Like every one else here I expect news but the question is when? So am saying that as long as the announcement is delayed after such a run up I expect a retracement. Given many days or weeks of delays I expect the sp to return to levels of last few months. There is no science or foresight involved in this and I do not have a crystal ball - lost it years ago.