Trend Table for FSMB - First Trust Short Duration Managed Municipal ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 9	A	Strong	Flat	Up	Up	4.89%
Nov 8	A	Strong	Flat	Up	Up	4.84%
Nov 7	A	Strong	Flat	Up	Up	4.95%
Nov 6	B	Strong	Flat	Flat	Flat	5.30%
Nov 3	B	Strong	Flat	Flat	Up	5.22%
Nov 2	C	Strong	Down	Flat	Flat	5.59%
Nov 1	D	Strong	Down	Flat	Flat	5.90%
Oct 31	D	Strong	Down	Flat	Flat	5.92%
Oct 30	D	Strong	Down	Down	Flat	6.00%
Oct 27	C	Strong	Down	Down	Flat	5.93%