Market On Close Imbalance: $62M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $62M. This could potentially impact the overall market sentiment and possibly the SPY ETF.
September 06, 2023 | 7:31 pm
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POSITIVE IMPACT
The market on close imbalance of $62M to the buy-side could potentially impact the SPY ETF.
A market on close imbalance leaning towards the buy-side indicates more buy orders than sell orders. This could lead to an increase in the price of assets, including the SPY ETF, as demand is higher than supply. However, the impact may vary depending on other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75