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
Aug 1	A	Weak or Absent	Up	Up	Flat	0.03%
Jul 31	B	Weak or Absent	Up	Up	Flat	-0.05%
Jul 30	B	Weak or Absent	Up	Up	Flat	-0.08%
Jul 29	B	Weak or Absent	Up	Up	Flat	-0.01%
Jul 26	B	Weak or Absent	Up	Up	Up	-0.16%
Jul 25	A	Weak or Absent	Up	Up	Up	-0.01%
Jul 24	A	Weak or Absent	Flat	Up	Flat	0.28%
Jul 23	B	Weak or Absent	Flat	Up	Up	0.24%
Jul 22	B	Weak or Absent	Flat	Up	Flat	0.55%
Jul 19	D	Weak or Absent	Flat	Up	Flat	0.75%