The Red Balloon tells us there are Good Times Ahead or maybe Monsters are Coming?

Balloons have been symbols of different styles, genres, and even eras. The image creates hope, imagination, and wonder. They are full of hope and joy and bring happiness and lighten sorrow. We feel a sense of freedom as we see them floating in the sky. Red balloons take positive suggestions and blend the various emotions associated with red. Anger, rage, vigor, aggression, courage, war, and strength all can add metaphor to the meaning. Red often adds passionate emotion.

If a clown holds a red balloon, we get the metaphors of the clown added and might think of Stephen King's movie "It.”

The movie’s red balloon is ominous and terrifying. Stephen King’s Pennywise in the film “It” uses red balloons to lure children to death.

Does this mean red balloons are good unless a clown is holding them?