Market On Close Imbalance: $132M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $132M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
August 30, 2023 | 7:32 pm
News sentiment analysis
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NEGATIVE IMPACT
The sell-side imbalance of $132M could potentially impact the SPY ETF, as it reflects the overall market sentiment.
A sell-side imbalance indicates more selling pressure in the market, which could lead to a decrease in the price of the SPY ETF, as it is designed to track the S&P 500 index. This is based on the assumption that the imbalance could lead to a negative market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75