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
Nov 16	C	Strong	Up	Flat	Flat	-0.14%
Nov 15	C	Strong	Up	Flat	Flat	0.11%
Nov 14	C	Strong	Up	Flat	Flat	0.13%
Nov 13	C	Strong	Up	Down	Flat	0.42%
Nov 10	C	Strong	Up	Down	Flat	0.46%
Nov 9	C	Strong	Up	Down	Flat	0.31%
Nov 8	C	Strong	Up	Flat	Flat	0.11%
Nov 7	B	Strong	Up	Flat	Flat	-0.12%
Nov 6	B	Strong	Up	Flat	Flat	-0.11%
Nov 3	B	Strong	Up	Flat	Flat	-0.04%