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 2	C	Strong	Up	Flat	Flat	0.16%
Nov 1	B	Strong	Up	Flat	Flat	0.21%
Oct 31	B	Strong	Up	Flat	Flat	0.16%
Oct 30	B	Strong	Up	Flat	Flat	0.16%
Oct 27	A	Strong	Up	Flat	Flat	0.21%
Oct 26	A	Strong	Up	Flat	Flat	0.16%
Oct 25	A	Strong	Up	Flat	Flat	0.11%
Oct 24	A	Strong	Up	Flat	Flat	0.06%
Oct 23	A	Strong	Up	Flat	Flat	0.01%
Oct 20	A	Strong	Up	Flat	Flat	-0.14%