Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 31	F	Very Strong	Down	Flat	Up	9.57%
Mar 30	C	Very Strong	Down	Flat	Up	9.23%
Mar 29	F	Very Strong	Down	Flat	Up	9.75%
Mar 28	D	Very Strong	Down	Down	Up	9.96%
Mar 27	D	Very Strong	Down	Down	Up	9.95%
Mar 24	D	Very Strong	Down	Down	Flat	10.80%
Mar 23	F	Very Strong	Down	Down	Flat	11.18%
Mar 22	F	Very Strong	Down	Down	Flat	11.36%
Mar 21	F	Very Strong	Down	Down	Flat	10.91%
Mar 20	F	Very Strong	Down	Down	Down	11.34%