Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	A	Strong	Up	Flat	Flat	4.07%
Jan 16	A	Weak or Absent	Up	Up	Flat	3.98%
Jan 12	A	Weak or Absent	Up	Up	Flat	3.70%
Jan 11	A	Weak or Absent	Up	Up	Flat	3.74%
Jan 10	A	Strong	Up	Up	Flat	3.80%
Jan 9	A	Strong	Up	Up	Flat	3.80%
Jan 8	A	Strong	Up	Up	Flat	3.85%
Jan 5	A	Strong	Up	Up	Flat	3.74%
Jan 4	A	Strong	Up	Up	Flat	4.05%
Jan 3	A	Strong	Up	Up	Flat	3.79%