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	5.08%
Sep 25	A	Weak or Absent	N/A	Up	Up	5.68%
Sep 24	A	Weak or Absent	N/A	Up	Up	4.98%
Sep 23	A	Weak or Absent	N/A	Up	Up	5.38%
Sep 20	A	Weak or Absent	N/A	Up	Up	6.09%
Sep 19	B	Weak or Absent	N/A	Up	Up	5.49%
Sep 18	A	Weak or Absent	N/A	Up	Up	6.41%
Sep 17	A	Weak or Absent	N/A	Up	Up	6.34%
Sep 16	B	Weak or Absent	N/A	Up	Up	6.74%
Sep 13	B	Weak or Absent	N/A	Up	Flat	7.72%