Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 28	C	Weak or Absent	Flat	Flat	Flat	5.49%
May 24	C	Weak or Absent	Flat	Flat	Flat	5.25%
May 23	D	Weak or Absent	Flat	Flat	Flat	5.55%
May 22	F	Weak or Absent	Flat	Flat	Flat	5.62%
May 21	F	Weak or Absent	Flat	Flat	Flat	5.50%
May 20	D	Weak or Absent	Flat	Flat	Flat	5.32%
May 17	F	Weak or Absent	Flat	Flat	Flat	5.69%
May 16	D	Weak or Absent	Flat	Flat	Flat	5.38%
May 15	C	Weak or Absent	Up	Flat	Up	4.88%
May 14	D	Weak or Absent	Flat	Flat	Flat	5.35%