Market On Close Imbalance: $1.3B To Sell-Side
Portfolio Pulse from Happy Mohamed
A market on close imbalance of $1.3 billion to the sell-side has been reported, indicating a potential short-term downward pressure on stock prices.
June 09, 2023 | 7:54 pm
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NEGATIVE IMPACT
The $1.3 billion sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
A market on close imbalance of $1.3 billion to the sell-side indicates that there is a higher selling pressure in the market. This could lead to a short-term downward pressure on stock prices, including the SPY ETF, which is a broad market indicator.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50