Market On Close Imbalance: $275M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $275M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
August 23, 2023 | 7:31 pm
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The sell-side imbalance of $275M 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 $275M suggests more investors are looking to sell, which could put downward pressure on the market, including the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75