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 11	D	Strong	Flat	Flat	Flat	-0.18%
Mar 8	D	Strong	Flat	Flat	Flat	-0.23%
Mar 7	D	Strong	Flat	Flat	Flat	-0.18%
Mar 6	F	Strong	Flat	Flat	Flat	0.07%
Mar 5	F	Strong	Flat	Down	Flat	0.22%
Mar 4	F	Strong	Flat	Down	Flat	0.28%
Mar 1	F	Very Strong	Flat	Down	Flat	0.33%
Feb 29	F	Very Strong	Flat	Down	Flat	0.43%
Feb 28	F	Very Strong	Flat	Down	Flat	0.28%
Feb 27	F	Very Strong	Flat	Down	Flat	0.23%