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
Mar 21	A	Weak or Absent	Up	Up	Up	12.50%
Mar 20	A	Weak or Absent	Up	Up	Up	13.30%
Mar 19	A	Weak or Absent	Up	Up	Flat	14.81%
Mar 18	A	Weak or Absent	Up	Up	Flat	15.28%
Mar 15	A	Weak or Absent	Up	Up	Flat	15.76%
Mar 14	A	Weak or Absent	Up	Up	Flat	15.39%
Mar 13	A	Weak or Absent	Up	Up	Up	14.54%
Mar 12	A	Weak or Absent	Up	Up	Up	14.57%
Mar 11	A	Weak or Absent	Up	Up	Up	15.22%
Mar 8	A	Weak or Absent	Up	Up	Up	15.39%