Above is the daily chart of volatility index on S&P500, which is often used as a benchmark of the world stock markets' volatilities.
After 3-month consolidation at very low level, this index started to rise. It is currently surging along the green short-term up-trend line, and is expected not to fall below this line.
23.19, same as that last time, is expected to resist the index from boosting further. This is a strong resistance and the bullish side will need very great power to breakthrough it.
If really so, 38.2%-fibonacci level (27.6) will be the next resistance.
On other hand, 20 is the support level given by the short-term uptrend line.
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