Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 23	A	Weak or Absent	Up	Up	Flat	1.87%
Jul 22	A	Weak or Absent	Up	Up	Flat	1.70%
Jul 19	A	Strong	Up	Up	Flat	1.92%
Jul 18	A	Strong	Up	Up	Flat	2.05%
Jul 17	A	Strong	Up	Up	Flat	1.82%
Jul 16	A	Strong	Up	Up	Up	1.74%
Jul 15	A	Strong	Up	Up	Up	1.95%
Jul 12	A	Strong	Up	Up	Flat	2.35%
Jul 11	A	Strong	Up	Up	Up	1.99%
Jul 10	A	Strong	Up	Up	Flat	2.46%