Part 3 in the SPY Symmetrical Triangle series. It looked like the market was going to close down fairly substantially on Friday, until the news of a possible bond insurer bailout resulted in a rip roaring rally into the close. As a result, SPY is STILL trading inside of the triangle range. As many investors/bloggers are speculating on its future direction, here is a variable that makes a case for the bulls: The VIX.