Market On Close Imbalance: $212M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $212M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
July 05, 2023 | 7:53 pm
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NEGATIVE IMPACT
The sell-side imbalance of $212M at market close could potentially impact the SPY ETF, which tracks the S&P 500 index.
A sell-side imbalance at market close indicates that there are more sellers than buyers. This could lead to a decrease in the price of assets, including the SPY ETF which tracks the S&P 500 index. The magnitude of the imbalance ($212M) is significant enough to potentially impact the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75