Trend Table for CEFS - Exchange Listed Funds Trust ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 21	C	Weak or Absent	Down	Down	Down	47.73%
Dec 20	C	Weak or Absent	Down	Down	Down	47.05%
Dec 19	C	Strong	Down	Down	Down	45.95%
Dec 16	B	Strong	Down	Flat	Down	44.87%
Dec 15	B	Strong	Down	Up	Down	43.40%
Dec 14	C	Strong	Down	Up	Flat	41.72%
Dec 13	C	Strong	Down	Up	Down	41.49%
Dec 12	C	Strong	Down	Up	Down	42.76%
Dec 9	C	Strong	Down	Up	Down	43.89%
Dec 8	C	Strong	Down	Up	Down	41.88%