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
Aug 1	D	Weak or Absent	Up	Down	Flat	2.22%
Jul 31	C	Weak or Absent	Up	Up	Up	0.39%
Jul 30	D	Weak or Absent	Up	Down	Down	2.85%
Jul 29	D	Weak or Absent	Up	Down	Down	2.38%
Jul 26	D	Weak or Absent	Up	Down	Down	2.06%
Jul 25	C	Weak or Absent	Up	Down	Down	3.01%
Jul 24	C	Weak or Absent	Up	Down	Down	2.89%
Jul 23	D	Weak or Absent	Up	Down	Down	1.56%
Jul 22	C	Weak or Absent	Up	Flat	Down	0.67%
Jul 19	D	Weak or Absent	Up	Flat	Down	1.47%