Trend Table for HSMV - First Trust Horizon Managed Volatility Small/Mid ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	D	Weak or Absent	Down	Down	Flat	30.26%
May 19	D	Weak or Absent	Down	Down	Flat	30.80%
May 18	D	Weak or Absent	Down	Down	Flat	29.97%
May 17	D	Weak or Absent	Down	Down	Flat	30.37%
May 16	F	Weak or Absent	Down	Down	Down	32.38%
May 15	D	Weak or Absent	Down	Down	Flat	30.73%
May 12	D	Weak or Absent	Down	Down	Down	31.19%
May 11	D	Weak or Absent	Down	Down	Down	31.31%
May 10	D	Weak or Absent	Down	Down	Down	30.23%
May 9	D	Weak or Absent	Down	Down	Down	30.42%