Trend Table for JVAL - JPMorgan U.S. Value Factor ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	A	Strong	Up	Up	Up	6.80%
Jul 16	A	Weak or Absent	Up	Up	Up	5.93%
Jul 15	A	Weak or Absent	Up	Up	Up	7.89%
Jul 12	B	Weak or Absent	Up	Up	Up	8.51%
Jul 11	A	Weak or Absent	Up	Up	Up	9.37%
Jul 10	A	Weak or Absent	Up	Up	Up	10.22%
Jul 9	A	Weak or Absent	Up	Up	Flat	11.29%
Jul 8	A	Weak or Absent	Up	Up	Flat	11.16%
Jul 5	B	Weak or Absent	Up	Up	Flat	11.51%
Jul 3	A	Weak or Absent	Up	Up	Flat	11.32%