Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	A	Weak or Absent	Up	Up	Flat	2.66%
Jul 16	B	Weak or Absent	Up	Up	Flat	2.63%
Jul 15	B	Weak or Absent	Up	Up	Flat	2.89%
Jul 12	B	Weak or Absent	Up	Up	Flat	2.95%
Jul 11	A	Weak or Absent	Up	Up	Up	2.45%
Jul 10	A	Weak or Absent	Up	Up	Up	2.85%
Jul 9	B	Weak or Absent	Up	Up	Up	3.31%
Jul 8	B	Weak or Absent	Up	Up	Up	3.37%
Jul 5	B	Weak or Absent	Up	Up	Up	3.26%
Jul 3	B	Weak or Absent	Up	Up	Up	3.50%