Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 2	F	Strong	Down	Down	Flat	8.53%
Feb 1	F	Strong	Down	Down	Flat	8.50%
Jan 31	F	Strong	Down	Down	Flat	8.78%
Jan 30	F	Strong	Down	Down	Down	8.84%
Jan 27	F	Strong	Down	Down	Flat	8.61%
Jan 26	F	Weak or Absent	Down	Down	Flat	8.45%
Jan 25	F	Weak or Absent	Down	Down	Flat	8.19%
Jan 24	F	Weak or Absent	Down	Down	Flat	8.21%
Jan 23	F	Strong	Down	Down	Flat	8.04%
Jan 20	F	Strong	Down	Down	Flat	8.06%