Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 18	B	Weak or Absent	Up	Flat	Flat	4.85%
Mar 15	B	Weak or Absent	Up	Flat	Flat	4.72%
Mar 14	C	Weak or Absent	Up	Flat	Flat	5.02%
Mar 13	D	Weak or Absent	Up	Flat	Flat	5.02%
Mar 12	B	Weak or Absent	Up	Up	Flat	4.15%
Mar 11	B	Weak or Absent	Up	Up	Up	4.09%
Mar 8	B	Weak or Absent	Up	Up	Flat	4.22%
Mar 7	B	Weak or Absent	Up	Up	Flat	4.45%
Mar 6	B	Weak or Absent	Up	Flat	Flat	4.62%
Mar 5	B	Weak or Absent	Up	Up	Flat	4.45%