Market On Close Imbalance: $1.5B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $1.5 billion. This could potentially impact the overall market sentiment and the SPY ETF.
August 04, 2023 | 12:06 pm
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NEGATIVE IMPACT
The sell-side imbalance of $1.5 billion could potentially lead to a decrease in the price of the SPY ETF.
A sell-side imbalance indicates that there are more sellers than buyers in the market. This could lead to a decrease in the price of the SPY ETF as the supply of the ETF exceeds the demand. However, the impact may not be significant as the SPY ETF is a broad market ETF and is influenced by a variety of factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50