Market On Close Imbalance: $592M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $592M. This could potentially impact the overall market sentiment and the SPY ETF.
August 04, 2023 | 2:30 pm
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POSITIVE IMPACT
The market on close imbalance leaning towards the buy-side could potentially impact the SPY ETF.
The market on close imbalance indicates more buy orders than sell orders. This could lead to an increase in the price of the SPY ETF as it is a broad market indicator. However, the actual impact would depend on other market factors as well.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75