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
Jan 30	F	Very Strong	Flat	Down	Flat	0.65%
Jan 29	F	Strong	Flat	Down	Flat	0.50%
Jan 26	D	Strong	Flat	Down	Flat	0.25%
Jan 25	D	Strong	Flat	Down	Flat	0.22%
Jan 24	D	Strong	Flat	Down	Flat	0.30%
Jan 23	D	Strong	Flat	Down	Flat	0.25%
Jan 22	F	Strong	Flat	Down	Down	0.45%
Jan 19	D	Strong	Flat	Down	Down	0.45%
Jan 18	C	Strong	Up	Down	Down	0.04%
Jan 17	C	Strong	Up	Down	Down	-0.05%