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 16	B	Weak or Absent	Up	Flat	Flat	-0.95%
Sep 13	C	Weak or Absent	Up	Flat	Flat	-0.75%
Sep 12	B	Weak or Absent	Up	Flat	Flat	-0.81%
Sep 11	B	Weak or Absent	Up	Flat	Flat	-0.75%
Sep 10	B	Weak or Absent	Up	Flat	Flat	-0.63%
Sep 9	C	Weak or Absent	Flat	Flat	Down	-0.47%
Sep 6	C	Weak or Absent	Flat	Flat	Down	-0.34%
Sep 5	B	Weak or Absent	Flat	Flat	Down	-0.50%
Sep 4	C	Weak or Absent	Flat	Flat	Down	-0.45%
Aug 30	B	Weak or Absent	Up	Up	Flat	-1.59%