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 6	F	Very Strong	Down	Down	Flat	1.07%
May 3	F	Very Strong	Down	Down	Flat	1.08%
May 2	F	Very Strong	Down	Down	Flat	1.20%
May 1	F	Very Strong	Down	Down	Flat	1.20%
Apr 30	F	Very Strong	Down	Down	Flat	1.40%
Apr 29	F	Strong	Down	Down	Flat	1.25%
Apr 26	F	Strong	Down	Down	Flat	1.40%
Apr 25	F	Strong	Down	Down	Flat	1.72%
Apr 24	F	Strong	Down	Down	Down	1.66%
Apr 23	F	Strong	Down	Down	Flat	1.40%