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
Aug 1	A	Weak or Absent	Up	Up	Flat	-0.76%
Jul 31	B	Weak or Absent	Up	Up	Flat	-0.84%
Jul 30	B	Weak or Absent	Up	Up	Flat	-0.87%
Jul 29	B	Weak or Absent	Up	Up	Flat	-0.81%
Jul 26	B	Weak or Absent	Up	Up	Up	-0.95%
Jul 25	A	Weak or Absent	Up	Up	Up	-0.80%
Jul 24	A	Weak or Absent	Flat	Up	Flat	-0.51%
Jul 23	B	Weak or Absent	Flat	Up	Up	-0.55%
Jul 22	B	Weak or Absent	Flat	Up	Flat	-0.25%
Jul 19	D	Weak or Absent	Flat	Up	Flat	-0.05%