Market-On-Close Imbalance: $420M To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market-on-close imbalance is leaning towards the sell-side with $420M. This could potentially impact the overall market sentiment and the SPY ETF.
September 18, 2023 | 7:36 pm
News sentiment analysis
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NEGATIVE IMPACT
The sell-side imbalance of $420M 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 sellers than buyers in the market. This could lead to a decrease in the price of the SPY ETF as it is a broad market indicator. However, the actual impact will depend on other market factors and news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75