Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 19	F	Strong	Down	Down	Down	8.36%
Dec 16	F	Strong	Down	Down	Down	8.08%
Dec 15	F	Weak or Absent	Down	Down	Down	8.29%
Dec 14	C	Weak or Absent	Up	Flat	Flat	3.73%
Dec 13	D	Weak or Absent	Up	Flat	Flat	3.78%
Dec 12	C	Weak or Absent	Up	Flat	Flat	3.63%
Dec 9	D	Weak or Absent	Up	Flat	Flat	4.02%
Dec 8	D	Weak or Absent	Up	Down	Flat	4.17%
Dec 7	D	Weak or Absent	Up	Flat	Flat	4.06%
Dec 6	D	Weak or Absent	Up	Flat	Flat	4.08%