Market-On-Close Imbalance: $4.5B To Sell-Side
Portfolio Pulse from Benzinga Newsdesk
The market-on-close imbalance is leaning towards the sell-side with $4.5 billion. This could potentially impact the SPY ETF.
September 21, 2023 | 7:54 pm
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NEGATIVE IMPACT
The sell-side imbalance of $4.5 billion could potentially lead to a decrease in the price of the SPY ETF.
A market-on-close imbalance leaning towards the sell-side 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 80
IMPORTANCE 70
RELEVANCE 75