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 15	B	Weak or Absent	N/A	N/A	Up	15.66%
May 13	C	Weak or Absent	N/A	N/A	Up	17.23%
May 10	C	Weak or Absent	N/A	N/A	Up	17.06%
May 9	A	Weak or Absent	N/A	N/A	Up	16.87%
May 8	B	Weak or Absent	N/A	N/A	Up	17.58%
May 7	B	Weak or Absent	N/A	N/A	Up	17.27%
May 6	B	Weak or Absent	N/A	N/A	Up	17.56%
May 3	B	Weak or Absent	N/A	N/A	Up	18.32%
May 2	B	Weak or Absent	N/A	N/A	Up	19.28%
May 1	B	Weak or Absent	N/A	N/A	Up	20.53%