Market On Close Imbalance: $1.9B To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $1.9 billion.
August 25, 2023 | 7:52 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the market on close imbalance leaning towards the sell-side.
The market on close imbalance indicates more sell orders than buy orders. This could lead to a decrease in the price of assets, including the SPY ETF which tracks the S&P 500. The impact is not certain but there is a potential for a negative effect on the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50