Market On Close Imbalance: $1.8B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $1.8 billion. This could potentially impact the overall market sentiment and the SPY ETF.
August 04, 2023 | 7:52 pm
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NEGATIVE IMPACT
The sell-side imbalance of $1.8 billion could potentially impact the SPY ETF, as it is a broad market indicator.
The SPY ETF is a broad market indicator. A sell-side imbalance indicates that more investors are selling than buying, which could lead to a decrease in the ETF's price. This is based on the basic principle of supply and demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75