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
Aug 13	A	Weak or Absent	N/A	Up	Flat	9.10%
Aug 12	B	Weak or Absent	N/A	Up	Down	9.79%
Aug 9	B	Weak or Absent	N/A	Up	Flat	9.56%
Aug 8	B	Weak or Absent	N/A	Up	Down	10.37%
Aug 7	A	Weak or Absent	N/A	Up	Down	9.79%
Aug 6	A	Strong	N/A	Up	Down	10.58%
Aug 5	A	Strong	N/A	Up	Down	11.55%
Aug 2	A	Strong	N/A	Up	Flat	8.65%
Aug 1	A	Strong	N/A	Up	Up	8.13%
Jul 31	A	Strong	N/A	Up	Up	7.10%