Market On Close Imbalance: $3.2B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $3.2 billion. This could potentially impact the overall market sentiment and the SPY ETF.
August 24, 2023 | 7:51 pm
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NEGATIVE IMPACT
The sell-side imbalance of $3.2 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 could lead to a decrease in the ETF's price as it indicates a bearish market sentiment. This is based on the assumption that the sell-side imbalance could lead to more selling pressure in the market, which could negatively impact the price of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75