Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 22	A	Weak or Absent	Up	Up	Flat	0.86%
Aug 21	A	Weak or Absent	Up	Up	Up	0.55%
Aug 20	A	Weak or Absent	Up	Up	Up	0.77%
Aug 19	A	Weak or Absent	Up	Up	Up	0.80%
Aug 16	A	Weak or Absent	Up	Up	Up	0.92%
Aug 15	A	Weak or Absent	Up	Up	Up	0.98%
Aug 14	A	Weak or Absent	Up	Up	Up	1.15%
Aug 13	A	Strong	Up	Up	Flat	1.51%
Aug 12	A	Strong	Up	Up	Flat	1.48%
Aug 9	A	Strong	Up	Up	Flat	1.73%