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
May 26	F	Weak or Absent	Down	Down	Flat	3.55%
May 25	F	Weak or Absent	Down	Down	Flat	3.70%
May 24	F	Weak or Absent	Down	Down	Flat	3.34%
May 23	F	Weak or Absent	Down	Down	Flat	3.65%
May 22	F	Weak or Absent	Down	Down	Down	3.91%
May 19	F	Weak or Absent	Down	Down	Down	3.71%
May 18	F	Weak or Absent	Down	Down	Down	3.65%
May 17	F	Strong	Down	Down	Down	3.76%
May 16	F	Strong	Down	Down	Down	3.76%
May 15	F	Strong	Down	Down	Down	3.02%