Data for the MrTopStep Market-on-close Imbalance Meter. This meter presents open and closing auction data for the NYSE and Nasdaq exchanges. Open and closing auctions over time have become a significant part of the markets as more and more institutions use the auctions for large liquidations, re-balances, and accumulation.
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Wednesday has a pretty bearish open to close percentage being down 5 out of the last 5. Starting Thursday, the Open => Close picks up bullish steam culminating in a 6 out of 6 bullish open to close on the Monday after August OPEX.
