Market On Close Imbalance: $2.2B To Sell-Side
Portfolio Pulse from Happy Mohamed
A market on close imbalance of $2.2 billion to the sell-side has been reported, potentially affecting the stock market and ETFs like SPY.
June 02, 2023 | 7:51 pm
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The $2.2 billion sell-side market on close imbalance may lead to short-term downward pressure on SPY.
A sell-side market on close imbalance indicates that there are more sell orders than buy orders at the market close. This can lead to downward pressure on stock prices and ETFs like SPY, as the excess supply of shares may cause the price to drop in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80