Market-On-Close Imbalance: $55M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market-on-close imbalance is leaning towards the sell-side with $55 million. This indicates a higher selling pressure at the close of the market.
September 11, 2023 | 7:54 pm
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The SPY ETF, which tracks the S&P 500, may be impacted by the market-on-close imbalance. Higher selling pressure could lead to a decrease in its price.
The market-on-close imbalance indicates the net difference between buy and sell orders at the close of the market. A sell-side imbalance suggests there are more sell orders, which can put downward pressure on prices. As SPY tracks the S&P 500, it may be affected by this selling pressure.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50