Market On Close Imbalance: $2.2B To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
A market on close imbalance of $2.2 billion to the sell-side has been reported, indicating a potential increase in selling pressure.
May 19, 2023 | 7:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The $2.2 billion sell-side imbalance may lead to increased selling pressure on SPY in the short term.
A market on close imbalance of $2.2 billion to the sell-side indicates that there is a higher number of sell orders than buy orders. This can lead to increased selling pressure on the market, which may negatively impact the price of SPY, a widely-used ETF that tracks the S&P 500 index, in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100