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
Jan 30	D	Weak or Absent	Up	Down	Flat	19.24%
Jan 29	C	Weak or Absent	Up	Flat	Up	18.32%
Jan 26	C	Weak or Absent	Up	Flat	Up	18.40%
Jan 25	D	Weak or Absent	Up	Flat	Up	18.72%
Jan 24	D	Weak or Absent	Up	Flat	Up	18.80%
Jan 23	D	Weak or Absent	Flat	Down	Flat	20.26%
Jan 22	F	Weak or Absent	Down	Down	Down	21.17%
Jan 19	D	Weak or Absent	Flat	Down	Down	20.01%
Jan 18	D	Weak or Absent	Down	Down	Down	21.25%
Jan 17	D	Weak or Absent	Down	Down	Down	22.05%