Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 14	A	Weak or Absent	Up	Up	Flat	2.74%
Mar 13	B	Weak or Absent	Up	Up	Flat	2.53%
Mar 12	A	Weak or Absent	Up	Up	Flat	2.18%
Mar 11	A	Strong	Up	Up	Flat	2.25%
Mar 8	A	Strong	Up	Up	Flat	2.25%
Mar 7	B	Strong	Up	Up	Up	2.15%
Mar 6	A	Strong	Up	Up	Flat	2.31%
Mar 5	A	Strong	Up	Up	Up	2.39%
Mar 4	A	Weak or Absent	Up	Up	Up	2.21%
Mar 1	A	Weak or Absent	Up	Up	Up	2.40%