Market On Close Imbalance: $738M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is showing a $738 million sell-side imbalance, indicating a potential short-term downward pressure on stock prices.
June 01, 2023 | 7:34 pm
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The $738 million sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
The market on close imbalance indicates a higher selling pressure, which may lead to a short-term decline in stock prices. As SPY is a broad market ETF, it is likely to be affected by this imbalance, causing a potential short-term downward pressure on its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50