Psychological support 1100, but I wouldn't buy it unless NFV suggested I do. Real support 1065 - 1072.
in other words, typically the "true FV" is roughly half-way between NFV and SPX. SPX oscillates between overbought/oversold level with respect to the "true FV". because SPX is not static one needs to take snapshots of SPX for the purpose of calculating of the "true FV" (overnight SPX value snapshot maybe?) maybe it is just unusual recent behavior of NFV or a maybe you prefer your coordinates because you prefer to short due to less risk of a black swan type of event. i think i remember your saying that you did not make NFV to only tell you to go short.
"NFV" 1094.59. SPX 1094.44. Complete convergence and no edge from the point of view of NFV. However, 1065 to 1072 is probably in the crosshairs. Imo you have to buy anything close to 1072 unless NFV says it is dead wrong to do so.
A rare event forming. "NFV" 1097.06, SPX 1088.47. Minimal but clear edge to buy according to NFV. It is very difficult to buy "sell momentum" though. If you have a buy list of stocks, imo start dipping toe.
NFV and SPX converge again in the matter of minutes, 1095.10, vs 1095. With VIX at 40, you are likely to see nice gains even intraday if you play NFV buy signals. If you are trading of course you take convergence of NFV to SPX. If you are investing you have to try to ignore the oscillations as much as possible, even though you begin to see how easy it can be to make money intra day when markets are volatile like this.