Market On Close Imbalance: $136M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $136M. This indicates a potential downward pressure on stock prices at the close of the market.
July 21, 2023 | 7:32 pm
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The sell-side imbalance may exert downward pressure on SPY, a widely followed ETF that tracks the S&P 500, at the close of the market.
A sell-side imbalance indicates that there are more sell orders than buy orders. This could lead to a drop in the price of the SPY ETF, which is a broad market indicator, as it suggests a bearish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50