Trend Table for JOET - Virtus Terranova U.S. Quality Momentum ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Weak or Absent	Up	Up	Flat	7.71%
May 23	B	Weak or Absent	Up	Up	Down	8.47%
May 22	A	Weak or Absent	Up	Up	Flat	7.46%
May 21	B	Weak or Absent	Up	Up	Up	6.93%
May 20	B	Weak or Absent	Up	Up	Up	6.89%
May 17	B	Weak or Absent	Up	Up	Up	7.13%
May 16	B	Weak or Absent	Up	Up	Up	7.38%
May 15	B	Weak or Absent	Up	Up	Up	7.08%
May 14	C	Weak or Absent	Up	Up	Up	8.51%
May 13	C	Weak or Absent	Up	Flat	Up	8.97%