Market On Close Imbalance: $881M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $881 million to the sell-side, indicating a potential increase in selling pressure.
May 18, 2023 | 7:31 pm
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NEGATIVE IMPACT
The $881 million sell-side imbalance may lead to increased selling pressure on the SPY ETF.
The market on close imbalance indicates a higher amount of sell orders compared to buy orders. This can lead to increased selling pressure, which may negatively impact the price of the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50