Market On Close Imbalance: $242M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $242M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
August 07, 2023 | 7:53 pm
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NEGATIVE IMPACT
The sell-side imbalance of $242M could potentially impact the SPY ETF, which tracks the S&P 500 index.
A sell-side imbalance indicates that there are more sell orders than buy orders. This could lead to a decrease in the price of the SPY ETF, which tracks the S&P 500 index, as it reflects the overall market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75