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
May 30	D	Weak or Absent	N/A	N/A	Down	17.83%
May 29	D	Weak or Absent	N/A	N/A	Down	18.10%
May 28	D	Weak or Absent	N/A	N/A	Down	16.95%
May 24	D	Weak or Absent	N/A	N/A	Flat	16.55%
May 23	D	Weak or Absent	N/A	N/A	Down	17.30%
May 22	B	Weak or Absent	N/A	N/A	Up	15.37%
May 21	B	Weak or Absent	N/A	N/A	Up	15.37%
May 20	B	Weak or Absent	N/A	N/A	Up	15.27%
May 17	B	Weak or Absent	N/A	N/A	Up	15.37%
May 16	B	Weak or Absent	N/A	N/A	Up	15.49%