Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 19	B	Weak or Absent	Up	Up	Flat	5.46%
Jan 18	B	Weak or Absent	Up	Up	Flat	5.23%
Jan 17	B	Strong	Up	Up	Flat	5.16%
Jan 16	B	Strong	Up	Up	Flat	5.03%
Jan 12	B	Strong	Up	Up	Flat	4.83%
Jan 11	B	Weak or Absent	Up	Up	Flat	4.76%
Jan 10	B	Weak or Absent	Up	Up	Flat	4.76%
Jan 9	B	Weak or Absent	Up	Up	Flat	4.81%
Jan 8	B	Weak or Absent	Up	Up	Flat	4.63%
Jan 5	A	Weak or Absent	Up	Up	Flat	5.03%