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 13	F	Weak or Absent	Flat	Flat	Flat	5.87%
May 10	F	Weak or Absent	Flat	Down	Flat	6.12%
May 9	F	Weak or Absent	Flat	Flat	Flat	5.97%
May 8	F	Weak or Absent	Flat	Flat	Flat	5.87%
May 7	D	Weak or Absent	Flat	Flat	Up	5.73%
May 6	D	Weak or Absent	Flat	Flat	Up	5.74%
May 3	F	Weak or Absent	Flat	Down	Flat	6.09%
May 2	F	Weak or Absent	Flat	Down	Flat	6.21%
May 1	F	Weak or Absent	Down	Down	Flat	6.55%
Apr 30	F	Weak or Absent	Down	Down	Flat	6.59%