The VIX, a key measure of market volatility, is currently at 20, showing a significant level of resistance. Despite attempts to break lower, it has held positions around 18.72 to 19.5 before moving back up. VIX futures are also trending lower, suggesting a potential fade back to levels between 17 and 18. The VIX's behavior is noteworthy given the rising volatility in currency and oil markets. Further analysis is expected as VIXPERATION approaches.