Market On Close Imbalance: $73M To Sell-Side
Portfolio Pulse from Happy Mohamed
A market on close imbalance of $73 million to the sell-side has been reported, indicating a potential short-term downward pressure on stock prices.

June 08, 2023 | 7:33 pm
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The $73 million 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 $73 million 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.
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