Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 22	A	Weak or Absent	Up	Up	Flat	6.02%
Sep 21	A	Weak or Absent	Up	Up	Flat	6.26%
Sep 20	A	Weak or Absent	Up	Up	Flat	6.30%
Sep 19	A	Weak or Absent	Up	Up	Flat	6.12%
Sep 18	A	Weak or Absent	Up	Up	Flat	6.22%
Sep 15	A	Weak or Absent	Up	Up	Flat	6.22%
Sep 14	A	Weak or Absent	Up	Up	Flat	6.18%
Sep 13	A	Weak or Absent	Up	Up	Flat	6.26%
Sep 12	A	Weak or Absent	Up	Up	Flat	6.06%
Sep 11	A	Weak or Absent	Up	Up	Flat	6.33%