US futures are currently implying a positive gap opening of over 1% for the S&P 500. This would be the first upside gap of 1%+ for the index in more than four months (2/16/16) and the 13th since the S&P 500’s peak last May. Based on prior occurrences, should you buy or sell the opening rip in equities? In today’s Chart of the Day sent to paid subscribers, we analyzed the S&P 500’s performance from the open to close on prior occurrences where the S&P 500 gapped up 1% or more. To view the report, please start a 14-day free trial below.