SPY 2% Gaps During the Current Bear Market

The S&P 500 tracking SPY ETF opened up more than 3% this morning, and below we highlight prior opening gaps of 2% or more during the current bear market.  As shown, the average change from open to close following these large positive gaps for SPY has been -1.22%.  The market has continued higher from the open 3 times, and reversed and gone lower 6 times.  Hopefully we buck the recent reversal trend and head higher all day.  But that's probably too much to ask in this market.