Market On Close Imbalance: $8M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with an imbalance of $8M.
August 29, 2023 | 7:33 pm
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NEGATIVE IMPACT
The sell-side imbalance may put downward pressure on SPY in the short term.
A sell-side imbalance indicates that there are more sell orders than buy orders. This could lead to a decrease in the price of SPY as supply exceeds demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50