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 29	A	Weak or Absent	N/A	Up	Up	9.12%
Jul 26	A	Weak or Absent	N/A	Up	Up	8.99%
Jul 25	C	Weak or Absent	N/A	Up	Flat	10.51%
Jul 24	C	Weak or Absent	N/A	Flat	Flat	11.46%
Jul 23	C	Weak or Absent	N/A	Up	Up	10.70%
Jul 22	D	Weak or Absent	N/A	Up	Up	10.20%
Jul 19	D	Weak or Absent	N/A	Up	Up	11.18%
Jul 18	C	Weak or Absent	N/A	Up	Up	9.70%
Jul 17	C	Weak or Absent	N/A	Up	Up	9.70%
Jul 16	D	Weak or Absent	N/A	Up	Up	10.31%