Market On Close Imbalance: $730M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the sell-side with $730M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
July 27, 2023 | 7:54 pm
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The sell-side imbalance of $730M could potentially impact the SPY ETF, as it reflects the overall market sentiment.
A sell-side imbalance indicates more selling pressure in the market, which could lead to a decrease in the price of the SPY ETF. This is because the SPY ETF is designed to track the S&P 500, and a sell-side imbalance could indicate a bearish market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75