Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 24	A	Strong	Up	Up	Flat	7.38%
Aug 23	A	Strong	Up	Up	Up	7.21%
Aug 22	A	Strong	Up	Up	Flat	7.50%
Aug 21	A	Strong	Up	Up	Flat	7.71%
Aug 18	A	Strong	Flat	Up	Flat	7.96%
Aug 17	B	Strong	Flat	Up	Flat	8.04%
Aug 16	B	Strong	Flat	Up	Flat	8.17%
Aug 15	A	Strong	Flat	Up	Flat	7.96%
Aug 14	A	Strong	Flat	Up	Flat	7.93%
Aug 11	A	Strong	Flat	Up	Flat	7.96%