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 26	C	Very Strong	Flat	Flat	Flat	-0.28%
Feb 23	D	Very Strong	Flat	Down	Flat	0.08%
Feb 22	F	Very Strong	Flat	Down	Flat	0.12%
Feb 21	D	Very Strong	Flat	Down	Flat	-0.18%
Feb 20	F	Very Strong	Flat	Down	Flat	0.38%
Feb 16	D	Very Strong	Flat	Down	Flat	0.07%
Feb 15	F	Very Strong	Flat	Down	Flat	0.13%
Feb 14	F	Very Strong	Flat	Down	Flat	0.22%
Feb 13	D	Very Strong	Flat	Down	Flat	0.08%
Feb 12	F	Very Strong	Flat	Down	Flat	0.13%