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 26	D	Strong	Down	Flat	Down	2.22%
Jul 25	D	Strong	Down	Flat	Down	2.32%
Jul 24	D	Strong	Flat	Up	Flat	1.86%
Jul 21	D	Strong	Flat	Up	Flat	1.81%
Jul 20	D	Strong	Flat	Up	Flat	1.65%
Jul 19	F	Strong	Flat	Up	Flat	1.50%
Jul 18	D	Strong	Flat	Up	Flat	1.30%
Jul 17	C	Strong	Flat	Up	Flat	1.25%
Jul 14	D	Strong	Flat	Up	Flat	1.60%
Jul 13	C	Strong	Up	Up	Up	0.90%