VIX Pivot 8th March, 2022 (13:01 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 7th March, 2022 at 9292872.2
Opening price for today is 929208.74.
Pivot for the day is 915034.3 and this is well below market open price.
The 4hr chart is currently showing that market price is currently Bullish.
Price may breakout higher towards Resistance 1 (958265 area) before jumping further to 968554 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (984725 area).
Support 1, which is at the 931803 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (915631 area).
Break and close below that level will definitely take price to Support 3 (905342 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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