Trend Table for MVFD - Monarch Volume Factor Dividend Tree Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 15	F	Weak or Absent	N/A	Flat	Up	12.11%
Jul 12	F	Weak or Absent	N/A	Down	Up	12.77%
Jul 10	F	Weak or Absent	N/A	Down	Down	14.74%
Jul 9	F	Weak or Absent	N/A	Down	Down	14.88%
Jul 8	F	Weak or Absent	N/A	Down	Down	15.60%
Jul 5	F	Weak or Absent	N/A	Down	Down	13.67%
Jul 3	F	Weak or Absent	N/A	Down	Down	14.56%
Jul 2	F	Weak or Absent	N/A	Down	Down	14.72%
Jul 1	F	Weak or Absent	N/A	Down	Down	14.82%
Jun 28	F	Weak or Absent	N/A	Down	Down	13.12%