Above is the daily chart of volatility index (.VIX). After yesterday's plunge in US stock markets due to concerns of higher interest rates, the index surged a bit.
We can see that the level of around 16 is a strong level supporting the index. The market has to be extremely boring in order to go lower than 16.
On the other hand, 18.3 would be the resistance. The index has not successfully surged beyond this for two months.
I would expect a further gain for VIX, but it seems like there is no breaking news to make it break out. So we can still expect a more-or-less stable market.
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