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
Jul 5	D	Strong	Down	Flat	Flat	1.32%
Jul 3	D	Strong	Down	Flat	Flat	1.37%
Jul 2	D	Strong	Down	Flat	Flat	1.57%
Jul 1	D	Strong	Down	Flat	Flat	1.47%
Jun 28	F	Strong	Down	Flat	Flat	1.94%
Jun 27	F	Strong	Down	Flat	Flat	2.13%
Jun 26	F	Strong	Down	Flat	Flat	2.04%
Jun 25	F	Strong	Down	Flat	Flat	2.10%
Jun 24	F	Strong	Down	Flat	Flat	1.96%
Jun 21	F	Strong	Down	Flat	Flat	1.89%