Market On Close Imbalance: $755M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $755 million to the sell-side, indicating a potential increase in selling pressure.
May 19, 2023 | 7:31 pm
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The $755 million sell-side imbalance may lead to increased selling pressure on SPY.
The market on close imbalance indicates a higher amount of sell orders compared to buy orders. This could lead to increased selling pressure on the SPY ETF, which tracks the S&P 500 index, potentially causing a short-term decline in its price.
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