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
Mar 27	C	Strong	Flat	Flat	Up	0.40%
Mar 26	D	Strong	Flat	Flat	Flat	0.81%
Mar 25	F	Strong	Flat	Flat	Flat	0.96%
Mar 22	F	Strong	Down	Flat	Flat	1.22%
Mar 21	F	Strong	Down	Flat	Flat	1.17%
Mar 20	F	Strong	Down	Flat	Flat	1.22%
Mar 19	F	Strong	Down	Flat	Flat	1.17%
Mar 18	F	Strong	Down	Down	Flat	1.22%
Mar 15	F	Strong	Flat	Down	Flat	1.12%
Mar 14	F	Strong	Down	Down	Flat	1.32%