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.

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