Market On Close Imbalance: $1.1B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $1.1 billion to the sell-side, indicating a potential increase in selling pressure.
May 25, 2023 | 7:31 pm
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NEGATIVE IMPACT
The $1.1 billion sell-side imbalance may lead to increased selling pressure on SPY.
A sell-side imbalance of $1.1 billion indicates that there is more selling pressure in the market. This could lead to a decline in the price of SPY, as it is a broad market ETF and is likely to be affected by the overall market sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100