VIX - Volatility Index is inversely correlated to S&P 500 . price action is showing a set up with the current daily candle closing inside the upper deviation and changing colour. Indicator is potentially curling over at the overbought level and is slightly changing direction towards the downside. Current resistances on the upside are located at 18.05 followed by 19.25 and 21.00. Alternatively if the price action confirms a possible pullback the first logical is located at 15.43 which is also 20 period and Middle .