S&P Fair Value +67.00 Buy Programs +$71.00 Sell Programs -$63.00 **epivot 7456.30 7699.50** 7684.40** 7669.60** 7645.40** 7633.30** 7623.20** 7600.60** 7589.40** 7538.40** 7508.60** 7477.20** 7439.20** 7416.20** 7404.80** 7385.00** 7369.80** 7340.60** 7330.80** 7319.40** 7304.50** 7291.80** 7288.50** 7263.00** 7241.70** 7221.60** 7213.50** 7206.60** 7193.30** 7181.50** 7165.00** 7155.40** 7127.00*** 7114.90** 7102.20** 7096.00** 7085.20** 7058.00** 7053.00** 7042.00** 7028.60** 7016.60** 7004.40** 6993.70** 6977.60** 6949.00** 6930.30** 6921.40** 6901.60** 6880.00** 6866.20** 6853.40** 6838.00** 6816.70** 6780.00** 6776.70** 6767.30** 6750.20** 6739.60** 6700.30** 6696.20** 6670.00** 6652.60** 6643.00** 6622.00** 6615.00** 6600.50** 6595.20** 6570.00** 6564.30** 6553.20** 6542.00** 6528.50** 6505.40** 6497.00** 6488.50** (post Trump Oct 10th 2025 China Truth Social post) 6469.00** 6447.30** 6440.70** 6433.50** 6414.80** 6399.70** 6384.30** 6367.00** 6337.40** 6310.00** 6295.70** 6281.40** 6253.20** 6243.00** 6229.30** 6213.70** 6205.50** 6191.00** 6188.00** 6177.00** 6157.50** 6140.00** 6131.30** 6114.30** 6106.50** 6094.80** 6069.10** 6031.20** 6012.00** (calc off post election day rally) 6007.50** 5998.90** 5997.00** (pivot from Dec 24 Fed hawkish pivot) 5967.70** 5962.20** 5949.50** 5916.20** (China 90-day tariff pause) 5911.10** 5891.40** 5877.70** 5868.40** 5851.50** 5824.30** 5816.00** 5802.00** 5784.30** 5774.20** (China 90-day tariff pause) 5758.20** 5738.60** 5717.00** (90-day pause range) 5708.00** 5695.80** 5655.00** 5633.70** 5614.00** 5602.80** 5595.70** 5583.40** 5567.20** 5538.00** 5518.60** 5504.00** 5486.20** 5459.70** 5445.20** 5436.70** 5425.00** 5397.30** 5378.80** 5377.20** (post April 2nd tariff announcement) 5352.80** 5331.40** 5326.40** 5311.30** 5302.60** 5285.40** 5258.80** 5236.60** 5229.00 5228.00** (pivot calculated off Aug 5th 24 carry trade day) 5210.80** 5180.40** 5155.50** 5123.20** 5121.75 (Aug 5th 24 carry trade washout intra-day low) 5135.40** 5124.00** 5112.60** 5101.30** 5068.00** (90-day tariff pause) 5041.30** 5029.20** 5009.60** 4983.60** 4970.70** 4958.30** 4942.50** 4924.70** 4902.00** 4898.40** 4871.70** 4857.40** (calculated off Apr 7th 400 handle S&P swing day) 4838.60** 4826.80** 4799.40** 4793.70** 4777.30** 4762.60** 4745.30** 4728.30** 4715.50** 4704.50** 4688.20** 4673.30** 4660.50** 4649.00** 4627.20** 4607.50** 4588.50** 4572.80** 4560.20** 4550.25** 4543.70** 4535.60** 4512.60** 4506.80** 4489.20** 4459.40** 4445.30** 4410.00** 4397.20** 4378.30** 4341.70** 4330.20** 4322.80** 4299.80** 4293.80** 4282.30** 4253.50** 4226.80** 4210.50** 4198.20** 4185.20** 4174.60** 4153.70** 4136.20** 4120.80** 4111.70** 4102.00** (2/24 Russian invasion intra-day low)