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 6	A	Weak or Absent	Up	Up	Flat	1.47%
Aug 5	A	Weak or Absent	Up	Up	Flat	1.94%
Aug 2	A	Weak or Absent	Up	Up	Flat	1.41%
Aug 1	A	Weak or Absent	Up	Up	Flat	1.58%
Jul 31	A	Weak or Absent	Up	Up	Flat	1.53%
Jul 30	A	Weak or Absent	Up	Up	Flat	1.51%
Jul 29	A	Weak or Absent	Up	Up	Flat	1.59%
Jul 26	A	Weak or Absent	Up	Up	Flat	1.76%
Jul 25	A	Weak or Absent	Up	Up	Flat	1.81%
Jul 24	A	Weak or Absent	Up	Up	Flat	1.95%