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 4	A	Weak or Absent	Up	Up	Flat	4.60%
Jan 3	A	Weak or Absent	Up	Up	Flat	4.60%
Jan 2	B	Weak or Absent	Up	Up	Flat	4.47%
Dec 29	B	Weak or Absent	Up	Up	Flat	4.57%
Dec 28	B	Weak or Absent	Up	Up	Flat	4.40%
Dec 27	B	Weak or Absent	Up	Up	Flat	4.59%
Dec 26	B	Weak or Absent	Up	Up	Flat	4.66%
Dec 22	B	Weak or Absent	Up	Up	Flat	4.89%
Dec 21	B	Weak or Absent	Up	Up	Flat	4.89%
Dec 20	B	Weak or Absent	Up	Up	Flat	5.06%