Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	A	Weak or Absent	Up	Flat	Flat	0.00%
Oct 31	A	Weak or Absent	Up	Flat	Flat	0.00%
Oct 30	A	Weak or Absent	Up	Flat	Flat	-0.18%
Oct 29	A	Weak or Absent	Up	Flat	Flat	-0.06%
Oct 28	A	Weak or Absent	Up	Flat	Flat	0.00%
Oct 25	B	Weak or Absent	Up	Flat	Flat	0.15%
Oct 24	A	Weak or Absent	Up	Flat	Flat	-0.09%
Oct 23	A	Weak or Absent	Up	Flat	Flat	-0.09%
Oct 22	A	Weak or Absent	Up	Flat	Flat	-0.18%
Oct 21	A	Weak or Absent	Up	Flat	Flat	-0.06%