Market On Close Imbalance: $115M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $115 million. This could potentially impact the overall market sentiment.
August 28, 2023 | 7:32 pm
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NEGATIVE IMPACT
The sell-side imbalance of $115 million could potentially impact SPY, as it is a broad market ETF.
SPY is a broad market ETF, and a sell-side imbalance in the market could lead to a decrease in its price. This is because a sell-side imbalance indicates that there are more sellers than buyers, which could put downward pressure on the price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75