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 20	A	Weak or Absent	Up	Up	Flat	0.78%
Aug 19	A	Weak or Absent	Up	Up	Flat	1.03%
Aug 16	A	Weak or Absent	Up	Up	Flat	0.85%
Aug 15	A	Weak or Absent	Up	Up	Flat	1.01%
Aug 14	A	Weak or Absent	Up	Up	Flat	1.14%
Aug 13	A	Weak or Absent	Up	Up	Flat	1.15%
Aug 12	A	Weak or Absent	Up	Up	Flat	1.33%
Aug 9	A	Weak or Absent	Up	Up	Flat	1.34%
Aug 8	A	Weak or Absent	Up	Up	Flat	1.26%
Aug 7	A	Weak or Absent	Up	Up	Flat	1.65%