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
Aug 23	B	Strong	Up	Up	Up	0.60%
Aug 22	B	Strong	Up	Up	Flat	0.80%
Aug 21	C	Strong	Flat	Flat	Down	1.76%
Aug 18	B	Strong	Flat	Flat	Flat	1.40%
Aug 17	B	Strong	Flat	Flat	Flat	1.40%
Aug 16	B	Strong	Flat	Flat	Flat	1.35%
Aug 15	B	Strong	Up	Up	Flat	1.00%
Aug 14	C	Strong	Flat	Up	Flat	1.05%
Aug 11	C	Strong	Flat	Up	Flat	1.15%
Aug 10	C	Strong	Flat	Up	Flat	1.04%