Market On Close Imbalance: $176M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $176M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
August 18, 2023 | 7:32 pm
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The sell-side imbalance of $176M could potentially impact the SPY ETF, as it reflects the overall market sentiment.
The market on close imbalance indicates the net difference between buy and sell orders at the close of the market. A sell-side imbalance of $176M suggests more selling pressure, which could potentially lead to a decrease in the price of assets like the SPY ETF that track the overall market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75