SPX Fair Value Ranges - SPX ES1! SPY - Updated 121722

Here is a chart that calculates SPX "Fair Value", based off FED Net Liquidity variables. SPY ES1!

Looking to the end of the year 2022 and the start of 2023, here are some SPX target ranges to keep in mind when taking into account the current FED Net Liquidity:

• *Upper Bound: $4,271.69
  *Fair Value: $3,921.69
  *Lower Bound: $3,771.69
  

If you want a copy of this chart, here is the link to make a copy: 📊👇🏼

SPX Fair Value (FED Net Liquidity)

tradingview.com/chart/r9fTDqp9/

SPX Net Liquidity Band Indicator via dharmatechnology8:

tradingview.com/u/dharmatech/