Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 13	D	Strong	Down	Up	Flat	8.63%
Jul 12	D	Strong	Down	Up	Flat	8.72%
Jul 11	D	Very Strong	Down	Up	Flat	8.59%
Jul 10	D	Very Strong	Down	Up	Flat	8.89%
Jul 7	D	Strong	Down	Up	Up	8.84%
Jul 6	C	Strong	Down	Up	Up	8.89%
Jul 5	D	Strong	Down	Up	Flat	9.11%
Jul 3	D	Strong	Down	Up	Flat	9.30%
Jun 30	D	Strong	Down	Up	Up	9.10%
Jun 29	D	Strong	Down	Up	Up	9.38%