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 11	A	Weak or Absent	Up	Up	Up	2.58%
Jul 10	A	Weak or Absent	Up	Up	Up	2.98%
Jul 9	B	Weak or Absent	Up	Up	Up	3.43%
Jul 8	B	Weak or Absent	Up	Up	Up	3.50%
Jul 5	B	Weak or Absent	Up	Up	Up	3.39%
Jul 3	B	Weak or Absent	Up	Up	Up	3.63%
Jul 2	B	Weak or Absent	Up	Up	Up	3.83%
Jul 1	A	Weak or Absent	Up	Up	Up	3.98%
Jun 28	B	Weak or Absent	Up	Up	Up	3.92%
Jun 27	B	Weak or Absent	Up	Up	Up	4.52%