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 13	B	Weak or Absent	N/A	Up	Flat	8.78%
Sep 12	C	Weak or Absent	N/A	Up	Down	10.06%
Sep 11	C	Weak or Absent	N/A	Flat	Down	10.70%
Sep 10	B	Weak or Absent	N/A	Up	Down	10.25%
Sep 9	B	Weak or Absent	N/A	Up	Down	10.02%
Sep 6	C	Weak or Absent	N/A	Up	Down	10.37%
Sep 5	B	Weak or Absent	N/A	Up	Flat	9.06%
Sep 4	A	Weak or Absent	N/A	Up	Flat	8.30%
Aug 30	A	Weak or Absent	N/A	Up	Up	6.52%
Aug 29	A	Weak or Absent	N/A	Up	Up	7.42%