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 10	A	Strong	Flat	Up	Flat	7.96%
Aug 9	A	Strong	Flat	Up	Flat	7.87%
Aug 8	A	Strong	Flat	Up	Up	7.85%
Aug 7	D	Strong	Flat	Up	Flat	8.23%
Aug 4	D	Strong	Flat	Up	Flat	8.34%
Aug 3	D	Strong	Flat	Up	Flat	8.42%
Aug 2	D	Strong	Flat	Up	Flat	8.32%
Aug 1	D	Strong	Flat	Up	Flat	8.31%
Jul 31	D	Strong	Flat	Up	Flat	8.48%
Jul 28	D	Strong	Down	Up	Flat	8.55%