Market On Close Imbalance: $2.6B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is showing a $2.6 billion sell-side imbalance, indicating a potential short-term downward pressure on stock prices.
May 25, 2023 | 7:51 pm
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The $2.6 billion sell-side imbalance in the market on close may lead to short-term downward pressure on the SPY ETF.
The market on close imbalance is a measure of the difference between buy and sell orders at the market close. A $2.6 billion sell-side imbalance indicates that there are more sell orders than buy orders, which can lead to downward pressure on stock prices, including the SPY ETF. This may result in a short-term negative impact on the SPY ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100