Market On Close Imbalance: $1B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $1 billion. This indicates a potential downward pressure on stock prices at the close of the market.
August 22, 2023 | 7:51 pm
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The sell-side imbalance may exert downward pressure on SPY, a widely traded ETF that tracks the S&P 500.
The market on close imbalance indicates more sell orders than buy orders. This could lead to a drop in stock prices, including SPY, as it is a broad market ETF and is likely to be affected by overall market trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50