Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 8	C	Strong	Up	Flat	Flat	0.01%
Nov 7	B	Weak or Absent	Up	Flat	Flat	-0.30%
Nov 6	B	Weak or Absent	Up	Flat	Flat	-0.39%
Nov 5	A	Weak or Absent	Up	Flat	Flat	-0.34%
Nov 4	A	Weak or Absent	Up	Flat	Flat	-0.12%
Nov 1	A	Weak or Absent	Up	Flat	Flat	-0.09%
Oct 31	A	Weak or Absent	Up	Flat	Flat	-0.09%
Oct 30	A	Weak or Absent	Up	Flat	Flat	-0.27%
Oct 29	A	Weak or Absent	Up	Flat	Flat	-0.15%
Oct 28	A	Weak or Absent	Up	Flat	Flat	-0.09%