Trend Table for JVAL - JPMorgan U.S. Value Factor ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	B	Weak or Absent	Up	Up	Down	0.60%
Nov 19	B	Weak or Absent	Up	Up	Down	0.91%
Nov 18	B	Weak or Absent	Up	Up	Down	0.68%
Nov 15	B	Weak or Absent	Up	Up	Down	0.98%
Nov 14	A	Weak or Absent	Up	Up	Flat	-0.20%
Nov 13	A	Weak or Absent	Up	Up	Up	-0.85%
Nov 12	A	Weak or Absent	Up	Up	Up	-1.11%
Nov 11	A	Weak or Absent	Up	Up	Up	-1.97%
Nov 8	A	Weak or Absent	Up	Up	Up	-1.40%
Nov 7	A	Weak or Absent	Up	Up	Up	-1.27%