Market On Close Imbalance: $2.4B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $2.4 billion to the sell-side, indicating a potential increase in selling pressure.
May 26, 2023 | 7:51 pm
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NEGATIVE IMPACT
The $2.4 billion sell-side imbalance may lead to increased selling pressure on the SPY ETF.
A sell-side imbalance of $2.4 billion indicates that there is more selling pressure in the market. This could lead to a decline in the price of the SPY ETF, as it is a broad market indicator and is likely to be affected by the increased selling pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100