Trend Table for MARB - First Trust Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	F	Weak or Absent	Flat	Down	Flat	-0.28%
Nov 19	F	Weak or Absent	Down	Down	Flat	-0.19%
Nov 18	F	Weak or Absent	Down	Down	Flat	-0.01%
Nov 15	F	Weak or Absent	Down	Down	Flat	-0.11%
Nov 14	F	Weak or Absent	Flat	Down	Flat	-0.26%
Nov 13	F	Weak or Absent	Down	Down	Flat	-0.18%
Nov 12	F	Weak or Absent	Flat	Down	Flat	-0.36%
Nov 11	F	Strong	Flat	Down	Flat	-0.37%
Nov 8	D	Strong	Flat	Flat	Flat	-0.80%
Nov 7	D	Strong	Flat	Flat	Up	-0.83%