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 30	A	Strong	N/A	Up	Up	6.95%
Jul 29	A	Strong	N/A	Up	Up	8.05%
Jul 26	A	Strong	N/A	Up	Up	8.49%
Jul 25	A	Weak or Absent	N/A	Up	Flat	10.25%
Jul 24	A	Weak or Absent	N/A	Up	Flat	10.63%
Jul 23	A	Weak or Absent	N/A	Up	Up	9.56%
Jul 22	A	Weak or Absent	N/A	Up	Up	9.86%
Jul 19	A	Weak or Absent	N/A	Up	Up	10.96%
Jul 18	A	Weak or Absent	N/A	Up	Up	8.94%
Jul 16	A	Weak or Absent	N/A	Up	Up	9.34%