Trend Table for MNA - IQ Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 25	A	Strong	Up	Up	Flat	2.18%
Jul 24	A	Strong	Up	Up	Flat	2.40%
Jul 23	A	Strong	Up	Up	Flat	2.43%
Jul 22	A	Strong	Up	Up	Up	2.21%
Jul 19	A	Strong	Up	Up	Flat	2.63%
Jul 18	A	Strong	Up	Up	Flat	2.72%
Jul 17	A	Weak or Absent	Up	Up	Flat	2.79%
Jul 16	B	Weak or Absent	Up	Up	Flat	2.75%
Jul 15	B	Weak or Absent	Up	Up	Flat	3.01%
Jul 12	B	Weak or Absent	Up	Up	Flat	3.08%