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 13	F	Strong	Flat	Flat	Flat	1.01%
Mar 12	C	Strong	Flat	Flat	Flat	0.47%
Mar 11	D	Strong	Flat	Flat	Flat	0.55%
Mar 8	D	Strong	Flat	Flat	Flat	0.50%
Mar 7	D	Strong	Flat	Flat	Flat	0.55%
Mar 6	F	Strong	Flat	Flat	Flat	0.80%
Mar 5	F	Strong	Flat	Down	Flat	0.96%
Mar 4	F	Strong	Flat	Down	Flat	1.01%
Mar 1	F	Very Strong	Flat	Down	Flat	1.06%
Feb 29	F	Very Strong	Flat	Down	Flat	1.16%