Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 19	F	Strong	Down	Down	Flat	8.23%
Jan 18	F	Strong	Down	Down	Flat	8.23%
Jan 17	F	Strong	Down	Down	Flat	8.13%
Jan 13	F	Strong	Down	Down	Flat	7.90%
Jan 12	F	Strong	Down	Down	Flat	7.93%
Jan 11	F	Strong	Down	Down	Flat	7.81%
Jan 10	F	Strong	Down	Down	Flat	7.88%
Jan 9	F	Strong	Down	Down	Flat	8.08%
Jan 6	F	Strong	Down	Down	Flat	7.89%
Jan 5	D	Strong	Down	Down	Flat	8.00%