Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 20	A	Weak or Absent	Up	Up	Flat	-0.21%
Sep 19	B	Weak or Absent	Up	Up	Flat	-0.39%
Sep 18	A	Weak or Absent	Up	Up	Flat	-0.39%
Sep 17	A	Weak or Absent	Up	Up	Up	-0.48%
Sep 16	A	Weak or Absent	Up	Up	Flat	-0.28%
Sep 13	A	Weak or Absent	Up	Up	Flat	-0.12%
Sep 12	A	Weak or Absent	Up	Up	Flat	0.03%
Sep 11	A	Weak or Absent	Up	Up	Flat	-0.03%
Sep 10	A	Weak or Absent	Up	Up	Flat	0.21%
Sep 9	A	Weak or Absent	Up	Up	Flat	0.21%