Gapping up to start the month

The most important ETF in the world is on track to gap up strongly to start a new month. That has mostly been a decent sign shorter-term, with SPY continuing to gain over the next 2-3 days in particular.

It was much rarer to see this at a 52-week high, which preceded a relatively poor risk/reward ratio over the next month, but by 3 months later, all of them showed gains.