Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	A	Strong	Up	Up	Up	3.96%
Dec 15	A	Strong	Up	Up	Flat	4.28%
Dec 14	A	Strong	Up	Up	Flat	4.35%
Dec 13	A	Weak or Absent	Up	Up	Up	4.19%
Dec 12	A	Weak or Absent	Up	Up	Flat	4.56%
Dec 11	A	Weak or Absent	Up	Up	Flat	4.90%
Dec 8	A	Weak or Absent	Up	Up	Flat	4.98%
Dec 7	A	Weak or Absent	Up	Up	Flat	5.12%
Dec 6	A	Weak or Absent	Up	Up	Flat	5.06%
Dec 5	A	Weak or Absent	Up	Up	Flat	4.92%