Market-On-Close Imbalance: $745M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market-on-close imbalance is leaning towards the sell-side with $745 million. This could potentially impact the overall market sentiment and the SPY ETF.
September 13, 2023 | 7:52 pm
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NEGATIVE IMPACT
The sell-side imbalance of $745 million could potentially lead to a decrease in the price of the SPY ETF in the short term.
A sell-side imbalance indicates that there are more sell orders than buy orders. This could lead to a decrease in the price of the SPY ETF as supply exceeds demand.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80