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 24	A	Weak or Absent	Flat	Up	Flat	-0.17%
Jul 23	B	Weak or Absent	Flat	Up	Up	-0.21%
Jul 22	B	Weak or Absent	Flat	Up	Flat	0.09%
Jul 19	D	Weak or Absent	Flat	Up	Flat	0.29%
Jul 18	C	Weak or Absent	Flat	Up	Flat	0.24%
Jul 17	D	Weak or Absent	Flat	Up	Flat	0.29%
Jul 16	D	Weak or Absent	Flat	Up	Flat	0.29%
Jul 15	D	Weak or Absent	Flat	Up	Flat	0.44%
Jul 12	D	Weak or Absent	Flat	Up	Flat	0.44%
Jul 11	D	Strong	Flat	Up	Up	0.34%