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
May 9	F	Very Strong	Down	Flat	Flat	1.60%
May 8	F	Very Strong	Down	Flat	Flat	1.50%
May 7	F	Very Strong	Down	Down	Flat	1.99%
May 6	F	Very Strong	Down	Down	Flat	1.76%
May 3	F	Very Strong	Down	Down	Flat	1.78%
May 2	F	Very Strong	Down	Down	Flat	1.89%
May 1	F	Very Strong	Down	Down	Flat	1.89%
Apr 30	F	Very Strong	Down	Down	Flat	2.10%
Apr 29	F	Strong	Down	Down	Flat	1.94%
Apr 26	F	Strong	Down	Down	Flat	2.10%