Quite a few ETF's have entered a period of consolidation after a period of expansion. The Sygnia Itrix MSCI USA ETF is one of those. After periods of expansion, comes periods of consolidation. Periods of consolidation can be followed by either a period of contraction or further expansion. Very difficult to tell how long this period of consolidation will last. This can create shorter term uncertainty. Longer term investors should just ignore these periods of consolidations and stick to their longer term views.