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
Sep 30	F	Weak or Absent	Flat	Down	Down	0.05%
Sep 27	F	Weak or Absent	Flat	Down	Flat	-0.11%
Sep 26	F	Weak or Absent	Flat	Down	Down	0.05%
Sep 25	D	Weak or Absent	Up	Flat	Flat	-0.75%
Sep 24	D	Weak or Absent	Up	Flat	Flat	-0.73%
Sep 23	D	Weak or Absent	Flat	Flat	Flat	-0.56%
Sep 20	D	Weak or Absent	Up	Flat	Flat	-0.63%
Sep 19	D	Weak or Absent	Up	Flat	Flat	-0.75%
Sep 18	D	Weak or Absent	Up	Flat	Flat	-0.70%
Sep 17	C	Weak or Absent	Up	Flat	Flat	-0.76%