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 31	A	Weak or Absent	Up	Up	Up	7.03%
Jul 30	A	Weak or Absent	Up	Up	Flat	7.71%
Jul 29	A	Weak or Absent	Up	Up	Flat	7.89%
Jul 26	A	Weak or Absent	Up	Up	Flat	7.74%
Jul 25	B	Strong	Up	Up	Down	9.50%
Jul 24	B	Strong	Up	Up	Down	9.95%
Jul 23	A	Strong	Up	Up	Flat	8.07%
Jul 22	A	Strong	Up	Up	Up	7.69%
Jul 19	A	Strong	Up	Up	Flat	8.61%
Jul 18	A	Strong	Up	Up	Up	7.84%