SPX/VIX Ratio Rallies By: TalkMarkets June 26, 2017 at 18:33 PM EDT It’s a bullish sign for the market when the SPY/VIX ratio is rising as the VIX is falling percentage faster than SPY is percentage rising. VIX leads the SPY in the opposite direction. Read More >> Related Stocks: CBOE Volatility Index S&P Depository Receipts SPDR GOLD Standard & Poors 500 Vaneck Gold Miners ETF