Market On Close Imbalance: $701M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $701 million. This could potentially impact the overall market sentiment and the SPY ETF.
August 09, 2023 | 7:33 pm
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NEGATIVE IMPACT
The sell-side imbalance of $701 million could potentially impact the SPY ETF, as it reflects overall market sentiment.
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 it is a broad market index and is affected by overall market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75