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
May 23	D	Strong	Down	Flat	Flat	1.42%
May 22	F	Strong	Down	Flat	Flat	1.59%
May 21	F	Strong	Down	Flat	Flat	1.53%
May 20	D	Strong	Down	Flat	Flat	1.37%
May 17	F	Strong	Down	Flat	Flat	1.73%
May 16	F	Strong	Down	Flat	Flat	1.43%
May 15	F	Very Strong	Down	Flat	Flat	1.58%
May 14	F	Very Strong	Down	Flat	Flat	1.60%
May 13	F	Very Strong	Down	Flat	Flat	1.68%
May 10	F	Very Strong	Down	Flat	Flat	1.52%