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 20	D	Strong	Down	Flat	Flat	0.76%
May 17	F	Strong	Down	Flat	Flat	1.12%
May 16	F	Strong	Down	Flat	Flat	0.82%
May 15	F	Very Strong	Down	Flat	Flat	0.97%
May 14	F	Very Strong	Down	Flat	Flat	0.99%
May 13	F	Very Strong	Down	Flat	Flat	1.07%
May 10	F	Very Strong	Down	Flat	Flat	0.91%
May 9	F	Very Strong	Down	Flat	Flat	0.99%
May 8	F	Very Strong	Down	Flat	Flat	0.89%
May 7	F	Very Strong	Down	Down	Flat	1.38%