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 12	F	Strong	Down	Down	Down	2.87%
May 11	F	Strong	Down	Down	Down	3.07%
May 10	F	Strong	Down	Down	Down	2.66%
May 9	F	Strong	Down	Down	Down	2.50%
May 8	F	Strong	Down	Down	Down	2.76%
May 5	D	Weak or Absent	Down	Down	Down	2.40%
May 4	D	Weak or Absent	Down	Down	Down	2.71%
May 3	D	Weak or Absent	Down	Flat	Down	1.84%
May 2	B	Weak or Absent	Flat	Flat	Flat	1.08%
May 1	C	Weak or Absent	Flat	Flat	Flat	1.08%