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
Oct 25	B	Weak or Absent	Up	Up	Down	4.69%
Oct 24	B	Weak or Absent	Up	Up	Down	4.38%
Oct 23	B	Weak or Absent	Up	Up	Down	4.55%
Oct 22	B	Weak or Absent	Up	Up	Down	3.91%
Oct 21	B	Weak or Absent	Up	Up	Flat	3.71%
Oct 18	A	Weak or Absent	Up	Up	Up	2.61%
Oct 17	A	Weak or Absent	Up	Up	Up	2.70%
Oct 16	A	Weak or Absent	Up	Up	Up	2.69%
Oct 15	A	Weak or Absent	Up	Up	Up	3.48%
Oct 14	A	Weak or Absent	Up	Up	Up	2.56%