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
Apr 23	F	Strong	Down	Down	Flat	1.36%
Apr 22	F	Strong	Down	Down	Flat	1.10%
Apr 19	F	Strong	Down	Down	Flat	1.25%
Apr 18	F	Strong	Down	Down	Down	1.20%
Apr 17	F	Strong	Down	Down	Down	1.10%
Apr 16	F	Strong	Down	Down	Down	1.10%
Apr 15	F	Weak or Absent	Down	Down	Down	0.99%
Apr 12	D	Weak or Absent	Down	Down	Down	0.79%
Apr 11	D	Weak or Absent	Down	Flat	Flat	0.33%
Apr 10	D	Weak or Absent	Flat	Flat	Flat	0.18%