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 10	A	Strong	Up	Up	Flat	2.50%
Jul 9	A	Strong	Up	Up	Flat	2.66%
Jul 8	A	Strong	Up	Up	Up	2.66%
Jul 5	A	Strong	Up	Up	Up	2.74%
Jul 3	A	Weak or Absent	Up	Up	Up	2.78%
Jul 2	A	Weak or Absent	Up	Flat	Flat	3.01%
Jul 1	A	Weak or Absent	Up	Flat	Flat	3.01%
Jun 28	B	Weak or Absent	Up	Flat	Flat	3.08%
Jun 27	C	Weak or Absent	Flat	Flat	Flat	3.56%
Jun 26	C	Weak or Absent	Flat	Flat	Flat	3.93%