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
May 2	B	Weak or Absent	N/A	N/A	Up	3.22%
May 1	B	Weak or Absent	N/A	N/A	Up	4.30%
Apr 30	B	Weak or Absent	N/A	N/A	Up	4.37%
Apr 29	C	Weak or Absent	N/A	N/A	Up	3.21%
Apr 26	B	Weak or Absent	N/A	N/A	Up	4.10%
Apr 25	B	Weak or Absent	N/A	N/A	Flat	4.96%
Apr 23	F	Weak or Absent	N/A	N/A	Flat	4.70%
Apr 22	D	Weak or Absent	N/A	N/A	Down	6.14%
Apr 19	D	Weak or Absent	N/A	N/A	Down	7.14%
Apr 18	D	Weak or Absent	N/A	N/A	Down	7.03%