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 18	C	Weak or Absent	Flat	Up	Flat	0.86%
Jul 17	D	Weak or Absent	Flat	Up	Flat	0.91%
Jul 16	D	Weak or Absent	Flat	Up	Flat	0.91%
Jul 15	D	Weak or Absent	Flat	Up	Flat	1.06%
Jul 12	D	Weak or Absent	Flat	Up	Flat	1.06%
Jul 11	D	Strong	Flat	Up	Up	0.96%
Jul 10	C	Strong	Flat	Up	Flat	1.27%
Jul 9	C	Strong	Flat	Flat	Flat	1.32%
Jul 8	C	Strong	Flat	Up	Flat	1.32%
Jul 5	D	Strong	Down	Flat	Flat	1.42%