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
Sep 7	B	Weak or Absent	Up	Up	Flat	-0.19%
Sep 6	B	Weak or Absent	Up	Up	Flat	-0.33%
Sep 5	B	Weak or Absent	Up	Up	Flat	-0.22%
Sep 1	B	Weak or Absent	Up	Up	Up	-0.09%
Aug 31	B	Weak or Absent	Up	Up	Up	0.00%
Aug 30	B	Strong	Up	Up	Up	-0.10%
Aug 29	B	Strong	Up	Up	Up	-0.15%
Aug 28	B	Strong	Up	Up	Up	0.20%
Aug 25	B	Strong	Up	Up	Up	0.40%
Aug 24	B	Strong	Up	Up	Flat	0.70%