Market On Close Imbalance: $2.3B To Sell-Side
Portfolio Pulse from Happy Mohamed
A market on close imbalance of $2.3 billion to the sell-side has been reported, indicating a potential short-term downward pressure on stock prices.

May 31, 2023 | 7:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The reported $2.3 billion sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
A market on close imbalance occurs when there is a significant difference between buy and sell orders at the market close. In this case, a $2.3 billion sell-side imbalance suggests that there may be more selling pressure than buying pressure, which could lead to a short-term decline in stock prices, including the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50