Market On Close Imbalance: $1B To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $1B. This indicates a higher demand for stocks at the close of the market.
August 08, 2023 | 7:32 pm
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The SPDR S&P 500 ETF (SPY) may experience increased buying pressure due to the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates a higher demand for stocks at the close of the market. This could lead to increased buying pressure on SPY, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50