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
Apr 30	B	Weak or Absent	N/A	N/A	Up	20.61%
Apr 29	C	Weak or Absent	N/A	N/A	Up	19.28%
Apr 26	B	Weak or Absent	N/A	N/A	Up	20.29%
Apr 25	B	Weak or Absent	N/A	N/A	Flat	21.30%
Apr 23	F	Weak or Absent	N/A	N/A	Flat	20.99%
Apr 22	D	Weak or Absent	N/A	N/A	Down	22.66%
Apr 19	D	Weak or Absent	N/A	N/A	Down	23.81%
Apr 18	D	Weak or Absent	N/A	N/A	Down	23.69%
Apr 17	D	Weak or Absent	N/A	N/A	Down	23.03%
Apr 16	D	Weak or Absent	N/A	N/A	Down	22.25%