Market On Close Imbalance: $295M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $295 million. This could potentially impact the overall market sentiment.
August 10, 2023 | 7:33 pm
News sentiment analysis
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NEGATIVE IMPACT
The sell-side imbalance might lead to a negative impact on SPY as it reflects the overall market sentiment.
SPY, being an ETF that tracks the S&P 500, is likely to be impacted by the overall market sentiment. A sell-side imbalance indicates more selling pressure which could lead to a decrease in SPY's price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80