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
Jul 3	D	Strong	Down	Flat	Flat	0.51%
Jul 2	D	Strong	Down	Flat	Flat	0.71%
Jul 1	D	Strong	Down	Flat	Flat	0.61%
Jun 28	F	Strong	Down	Flat	Flat	1.07%
Jun 27	F	Strong	Down	Flat	Flat	1.27%
Jun 26	F	Strong	Down	Flat	Flat	1.18%
Jun 25	F	Strong	Down	Flat	Flat	1.23%
Jun 24	F	Strong	Down	Flat	Flat	1.10%
Jun 21	F	Strong	Down	Flat	Flat	1.02%
Jun 20	D	Strong	Down	Flat	Flat	1.23%