Bailout Approved. Yesterday, I said that I feared going short into the weekend because of the likelihood of the auto bailout beingn approved. However, when I consider all of the bad news surrounding this market, I wonder whether Friday will be all the rally that this bailout garners. Watch the support/resistance levels discussed earlier: 88 on the SPY; 870ish, 840, 820, 800 on the S&P500.