Trend Table for GEM - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	D	Weak or Absent	Up	Flat	Up	11.65%
Jan 24	D	Weak or Absent	Up	Flat	Up	11.73%
Jan 23	D	Weak or Absent	Flat	Down	Flat	13.10%
Jan 22	F	Weak or Absent	Down	Down	Down	13.95%
Jan 19	D	Weak or Absent	Flat	Down	Down	12.87%
Jan 18	D	Weak or Absent	Down	Down	Down	14.03%
Jan 17	D	Weak or Absent	Down	Down	Down	14.78%
Jan 16	D	Weak or Absent	Flat	Down	Down	13.33%
Jan 12	C	Weak or Absent	Up	Up	Down	10.90%
Jan 11	C	Weak or Absent	Up	Up	Down	11.42%