Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	C	Strong	Up	Down	Flat	0.15%
Nov 19	C	Strong	Up	Down	Down	0.37%
Nov 18	C	Strong	Up	Down	Flat	0.21%
Nov 15	C	Strong	Up	Down	Flat	0.15%
Nov 14	C	Strong	Up	Flat	Flat	-0.09%
Nov 13	C	Strong	Up	Flat	Flat	-0.21%
Nov 12	B	Strong	Up	Flat	Flat	-0.46%
Nov 11	C	Strong	Up	Flat	Flat	-0.34%
Nov 8	C	Strong	Up	Flat	Flat	-0.23%
Nov 7	B	Weak or Absent	Up	Flat	Flat	-0.55%