VIX Pivot 1st March, 2022 (12:01 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 28th February, 2022 at 900348.60.
Opening price for today is 900278.83.
Pivot for the day is 924452.8 and this is well above market open price.
The 4hr chart is currently showing that market price is currently Bullish.
Price may breakout higher towards Resistance 1 (926383 area) before jumping further to 940475 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (947849 area).
Support 1, which is at the 904917 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (897543 area).
Break and close below that level will definitely take price to Support 3 (883451 area).
Overall bias on the 4 hour chart is that market price is currently Bullish.
Find below computation results for Pivot Point, Support and Resistance levels for the 4th Four Hour Period for 1st March, 2021.
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