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 9	C	Strong	Up	Up	Up	0.85%
Aug 8	C	Strong	Flat	Up	Up	1.10%
Aug 7	C	Strong	Flat	Up	Flat	1.39%
Aug 4	D	Strong	Flat	Up	Flat	1.60%
Aug 3	C	Strong	Flat	Up	Flat	1.50%
Aug 2	D	Strong	Flat	Flat	Flat	1.86%
Aug 1	D	Strong	Flat	Up	Flat	1.65%
Jul 31	D	Strong	Flat	Flat	Flat	1.91%
Jul 28	D	Strong	Down	Flat	Flat	2.01%
Jul 27	D	Strong	Down	Flat	Flat	2.11%