Trend Table for MSSS - Monarch Select Subsector Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 15	B	Weak or Absent	N/A	Up	Up	12.15%
Jul 12	B	Weak or Absent	N/A	Up	Up	11.89%
Jul 11	A	Weak or Absent	N/A	Up	Up	12.76%
Jul 10	A	Weak or Absent	N/A	Up	Up	15.51%
Jul 9	B	Weak or Absent	N/A	Flat	Flat	16.67%
Jul 8	A	Weak or Absent	N/A	Up	Up	16.20%
Jul 5	B	Weak or Absent	N/A	Up	Flat	16.67%
Jul 3	A	Weak or Absent	N/A	Up	Flat	16.82%
Jul 2	B	Weak or Absent	N/A	Flat	Flat	17.23%
Jul 1	B	Weak or Absent	N/A	Up	Flat	17.23%