Trend Table for GEM - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	A	Strong	Up	Up	Down	9.47%
May 22	A	Strong	Up	Up	Flat	8.37%
May 21	A	Strong	Up	Up	Up	8.21%
May 20	A	Strong	Up	Up	Up	7.75%
May 17	A	Strong	Up	Up	Up	7.48%
May 16	A	Strong	Up	Up	Up	8.01%
May 15	A	Weak or Absent	Up	Up	Up	8.21%
May 14	A	Weak or Absent	Up	Up	Up	9.12%
May 13	A	Weak or Absent	Up	Up	Up	9.73%
May 10	A	Weak or Absent	Up	Up	Up	10.55%