Market On Close Imbalance: $476M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $476 million. This could potentially impact the SPY ETF.
August 21, 2023 | 7:37 pm
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POSITIVE IMPACT
The market on close imbalance of $476 million to the buy-side could potentially impact the SPY ETF.
A market on close imbalance towards the buy-side indicates that there are more buy orders than sell orders as the market closes. This could potentially drive up the price of the SPY ETF in the short term as it is one of the most traded ETFs and often reflects overall market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75