VIX Pivot 9th January, 2022 (04:55 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 9th January, 2022 at 741401.56.
Opening price for today is 741301.56.
Pivot for the day is 736293.94 and this is well below market open price.
The 4hr chart is currently showing that market price is currently Bearish as Price prints Lower Lows, Lower Highs.
On the Daily chart, Price has been ticking higher as the Buyers steps in to retrace Price in the last three days.
Price may breakout higher towards Resistance 1 (750988 area) before jumping further to 756804 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (766162 area).
Support 1, which is at the 735815 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (726457 area).
Break and close below that level will definitely take price to Support 3 (720641 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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