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
May 17	B	Weak or Absent	Up	Up	Up	10.41%
May 16	A	Weak or Absent	Up	Up	Up	10.54%
May 15	A	Weak or Absent	Up	Up	Up	10.06%
May 14	B	Weak or Absent	Up	Up	Up	11.12%
May 13	B	Weak or Absent	Up	Up	Up	11.78%
May 10	C	Weak or Absent	Up	Up	Up	12.03%
May 9	C	Weak or Absent	Up	Up	Up	12.30%
May 8	C	Weak or Absent	Up	Up	Up	12.98%
May 7	C	Weak or Absent	Up	Up	Up	12.99%
May 6	C	Weak or Absent	Up	Flat	Up	13.25%