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 8	A	Weak or Absent	Up	Up	Flat	6.39%
Sep 7	A	Weak or Absent	Up	Up	Flat	6.49%
Sep 6	A	Weak or Absent	Up	Up	Flat	6.39%
Sep 5	A	Weak or Absent	Up	Up	Flat	6.59%
Sep 1	A	Weak or Absent	Up	Up	Flat	6.55%
Aug 31	A	Weak or Absent	Up	Up	Flat	6.69%
Aug 30	A	Weak or Absent	Up	Up	Up	6.79%
Aug 29	A	Strong	Up	Up	Up	6.67%
Aug 28	A	Strong	Up	Up	Up	6.80%
Aug 25	A	Strong	Up	Up	Flat	7.20%