Market On Close Imbalance: $6B+ To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
A market on close imbalance of $6 billion+ has been reported on the sell-side, potentially affecting stock prices in the short term.
June 23, 2023 | 7:52 pm
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NEGATIVE IMPACT
The $6 billion+ sell-side market on close imbalance may lead to short-term fluctuations in the price of SPY ETF.
A market on close imbalance of $6 billion+ on the sell-side indicates a higher selling pressure, which may lead to short-term fluctuations in the price of the SPY ETF. The impact is relevant as the SPY ETF is a broad market indicator, but the importance is moderate as the imbalance may not necessarily lead to a significant long-term change.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50