VIX Pivot 27th December, 2021 (14:05 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 26th December, 2021 at 878099.13.
Opening price for today is 878122.45.
Pivot for the day is 874349.36 and this is well above market open price.
The 4hr chart is currently showing that market price is currently Ranging upwards with Price hovering at the Range Top.
On the Daily chart, we currently have Ranging Bullishly in the last eleven days.
Price may breakout higher towards Resistance 1 (907795 area) before jumping further to 916446 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (926894 area).
Support 1, which is at the 888696 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (878247 area).
Break and close below that level will definitely take price to Support 3 (869597 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 27th December, 2021.
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