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 4	F	Strong	Down	Down	Flat	8.02%
Jan 3	D	Strong	Down	Down	Flat	7.97%
Dec 30	D	Strong	Down	Down	Flat	7.88%
Dec 29	D	Strong	Down	Down	Flat	8.00%
Dec 28	D	Strong	Down	Down	Flat	8.19%
Dec 27	F	Strong	Down	Down	Down	8.15%
Dec 23	F	Strong	Down	Down	Down	8.06%
Dec 22	F	Strong	Down	Down	Down	8.19%
Dec 21	F	Strong	Down	Down	Down	8.28%
Dec 20	F	Strong	Down	Down	Down	8.12%