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
Dec 1	B	Weak or Absent	Up	Flat	Flat	-0.56%
Nov 30	A	Strong	Up	Flat	Flat	-0.42%
Nov 29	C	Strong	Up	Flat	Flat	-0.39%
Nov 28	C	Strong	Up	Flat	Flat	-0.24%
Nov 27	C	Strong	Up	Flat	Flat	-0.19%
Nov 24	A	Strong	Up	Up	Up	-0.68%
Nov 22	D	Strong	Up	Flat	Flat	0.11%
Nov 21	D	Strong	Up	Flat	Flat	0.20%
Nov 20	D	Strong	Up	Flat	Flat	0.21%
Nov 17	C	Strong	Up	Flat	Flat	0.03%