After examining VIX Index, with weekly closings for a two-year period, it can be concluded that 12,00 point looks like a strong support (green line). We have witnessed throughout this period four downward trends (red lines). In each rebound (October, May, July) from these four falls, 12,00 point was a pivotal base. I have also plotted a blue line to indicate long-run resistance, which cut every upward trend.
Considering these facts and looking into daily data, I think 15,00 point-level will be sooner or later broken and we will observe more volatility in the markets in 2020. Although BREXIT and Trade Agreement risks somehow abated and risks on attitude prevailed in the last quarter, according to my opinion things will not be easily finalised. An increase in the volatility will negatively affect the markets and a fall in the stock market indices will follow.