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
Oct 19	A	Strong	Up	Flat	Flat	-0.34%
Oct 18	A	Strong	Up	Flat	Flat	-0.39%
Oct 17	A	Strong	Up	Up	Flat	-0.68%
Oct 16	A	Strong	Up	Flat	Flat	-0.34%
Oct 13	A	Strong	Up	Flat	Flat	-0.27%
Oct 12	A	Strong	Up	Up	Flat	-0.54%
Oct 11	A	Strong	Up	Up	Flat	-0.49%
Oct 10	B	Strong	Up	Up	Flat	-0.39%
Oct 9	A	Strong	Up	Up	Flat	-0.49%
Oct 6	A	Strong	Up	Up	Flat	-0.25%