Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 10	C	Weak or Absent	Up	Flat	Flat	3.09%
May 9	C	Weak or Absent	Up	Flat	Flat	3.22%
May 8	C	Weak or Absent	Up	Flat	Flat	3.19%
May 7	C	Weak or Absent	Up	Down	Flat	3.27%
May 6	B	Strong	Up	Down	Flat	3.35%
May 3	B	Strong	Up	Down	Flat	3.48%
May 2	D	Strong	Up	Down	Flat	3.90%
May 1	C	Strong	Up	Down	Flat	3.77%
Apr 30	C	Strong	Up	Down	Flat	3.78%
Apr 29	B	Strong	Up	Down	Flat	3.40%