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 3	A	Strong	Up	Up	Flat	3.90%
Jan 2	A	Strong	Up	Up	Flat	3.88%
Dec 29	B	Strong	Up	Up	Flat	3.88%
Dec 28	A	Strong	Up	Up	Flat	3.65%
Dec 27	A	Strong	Up	Up	Flat	3.55%
Dec 26	A	Strong	Up	Up	Flat	3.67%
Dec 22	A	Strong	Up	Up	Flat	3.90%
Dec 21	A	Strong	Up	Up	Flat	3.76%
Dec 20	A	Strong	Up	Up	Flat	3.93%
Dec 19	A	Strong	Up	Up	Up	3.76%