Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 3	C	Weak or Absent	Flat	Up	Flat	4.89%
May 31	C	Weak or Absent	Flat	Flat	Flat	5.22%
May 30	C	Weak or Absent	Flat	Flat	Flat	4.96%
May 29	D	Weak or Absent	Flat	Flat	Flat	5.46%
May 28	C	Weak or Absent	Flat	Flat	Flat	5.33%
May 24	C	Weak or Absent	Flat	Flat	Flat	5.09%
May 23	D	Weak or Absent	Flat	Flat	Flat	5.39%
May 22	F	Weak or Absent	Flat	Flat	Flat	5.46%
May 21	F	Weak or Absent	Flat	Flat	Flat	5.34%
May 20	D	Weak or Absent	Flat	Flat	Flat	5.16%