Market On Close Imbalance: $400M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the sell-side with $400M. This indicates a potential increase in selling pressure towards the end of the trading day.
June 30, 2023 | 7:53 pm
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The SPDR S&P 500 ETF (SPY) may experience increased selling pressure due to the market on close imbalance leaning towards the sell-side.
The market on close imbalance indicates the net value of orders to buy or sell a security at the market close. In this case, there is a $400M imbalance towards the sell-side, which suggests there may be increased selling pressure towards the end of the trading day. As SPY is a widely traded ETF, it could be impacted by this increased selling pressure.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50