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
May 14	B	Weak or Absent	Up	Up	Up	0.68%
May 13	B	Weak or Absent	Up	Up	Up	1.28%
May 10	C	Weak or Absent	Up	Up	Up	1.50%
May 9	C	Weak or Absent	Up	Up	Up	1.75%
May 8	C	Weak or Absent	Up	Up	Up	2.37%
May 7	C	Weak or Absent	Up	Up	Up	2.38%
May 6	C	Weak or Absent	Up	Flat	Up	2.61%
May 3	C	Weak or Absent	Up	Flat	Up	3.58%
May 2	D	Weak or Absent	Up	Down	Flat	4.58%
May 1	C	Weak or Absent	Up	Down	Down	5.61%