Market On Close Imbalance: $673M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the sell-side with $673M. This could potentially impact the overall market sentiment and the SPY ETF.
August 15, 2023 | 7:36 pm
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NEGATIVE IMPACT
The sell-side imbalance of $673M could potentially impact the SPY ETF, as it reflects the 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, which is designed to track the S&P 500 and is often used as a barometer for the overall U.S. stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75