Early MOC Imbalance 114M Sell Side
Portfolio Pulse from Benzinga Newsdesk
An early MOC imbalance of $114 million on the sell side has been reported.
June 05, 2023 | 7:32 pm
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NEGATIVE IMPACT
The early MOC imbalance of $114 million on the sell side may cause short-term pressure on the SPY ETF.
The early MOC imbalance of $114 million on the sell side indicates that there is more selling pressure than buying pressure in the market. This could lead to a short-term decline in the SPY ETF, as it is a broad market indicator and may be affected by the overall market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50