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
Sep 26	A	Weak or Absent	N/A	Up	Up	5.77%
Sep 25	A	Weak or Absent	N/A	Up	Up	6.37%
Sep 24	A	Weak or Absent	N/A	Up	Up	5.67%
Sep 23	A	Weak or Absent	N/A	Up	Up	6.07%
Sep 20	A	Weak or Absent	N/A	Up	Up	6.79%
Sep 19	B	Weak or Absent	N/A	Up	Up	6.18%
Sep 18	A	Weak or Absent	N/A	Up	Up	7.10%
Sep 17	A	Weak or Absent	N/A	Up	Up	7.04%
Sep 16	B	Weak or Absent	N/A	Up	Up	7.44%
Sep 13	B	Weak or Absent	N/A	Up	Flat	8.43%