Iwant to start by admitting that I am bearish, and that being a bear is often a painful experience. Though there are many fundamental and macroeconomic reasons to be bearish, the plain fact is that markets are going higher. Over the past few months I have been eyeing a, so to say, line in the sand that, during the past month, has been breached. My view must change to embrace the probability that global markets, particularly the US market, will continue to rise. Seeing as our job as market participants is not to forecast, but to follow, I want to position myself in such a way that I can take advantage of the upward momentum of the US market. A long position in Sygnia Itrix MSCI USA ETF (Sygus) is a great way to gain access to S&P 500 returns locally. Using the chart on this page, we can see that the S&P 500 index has breached the significant resistance level it formed in October and November 2018. This means it is in the process of forming a new high and so we can say the trend is on...

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