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
Sep 20	A	Weak or Absent	Up	Up	Up	0.82%
Sep 19	B	Weak or Absent	Up	Up	Up	0.36%
Sep 18	B	Weak or Absent	Up	Up	Up	1.98%
Sep 17	A	Weak or Absent	Up	Up	Up	1.88%
Sep 16	B	Weak or Absent	Up	Up	Up	2.05%
Sep 13	B	Weak or Absent	Up	Up	Up	2.55%
Sep 12	B	Weak or Absent	Up	Up	Flat	3.87%
Sep 11	B	Weak or Absent	Up	Flat	Down	4.47%
Sep 10	C	Weak or Absent	Up	Flat	Down	4.99%
Sep 9	B	Weak or Absent	Up	Flat	Down	4.82%