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
Mar 25	F	Strong	Flat	Flat	Flat	0.23%
Mar 22	F	Strong	Down	Flat	Flat	0.48%
Mar 21	F	Strong	Down	Flat	Flat	0.43%
Mar 20	F	Strong	Down	Flat	Flat	0.48%
Mar 19	F	Strong	Down	Flat	Flat	0.43%
Mar 18	F	Strong	Down	Down	Flat	0.48%
Mar 15	F	Strong	Flat	Down	Flat	0.38%
Mar 14	F	Strong	Down	Down	Flat	0.58%
Mar 13	F	Strong	Flat	Flat	Flat	0.28%
Mar 12	C	Strong	Flat	Flat	Flat	-0.26%