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
Feb 28	F	Very Strong	Flat	Down	Flat	1.01%
Feb 27	F	Very Strong	Flat	Down	Flat	0.96%
Feb 26	C	Very Strong	Flat	Flat	Flat	0.45%
Feb 23	D	Very Strong	Flat	Down	Flat	0.81%
Feb 22	F	Very Strong	Flat	Down	Flat	0.85%
Feb 21	D	Very Strong	Flat	Down	Flat	0.55%
Feb 20	F	Very Strong	Flat	Down	Flat	1.12%
Feb 16	D	Very Strong	Flat	Down	Flat	0.80%
Feb 15	F	Very Strong	Flat	Down	Flat	0.86%
Feb 14	F	Very Strong	Flat	Down	Flat	0.96%