Market On Close Imbalance: $153M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $153M. This indicates a potential downward pressure on the market.
June 27, 2023 | 7:51 pm
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NEGATIVE IMPACT
The sell-side imbalance may exert downward pressure on SPY, a market representative ETF.
The market on close imbalance indicates more selling than buying. As SPY is a representative ETF of the market, it is likely to be affected by this imbalance. The sell-side pressure could lead to a decrease in SPY's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100