Trend Table for SPAQ - Horizon Kinetics SPAC Active ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Strong	Up	Up	Flat	1.85%
May 17	B	Strong	Up	Up	Flat	1.89%
May 16	B	Strong	Up	Up	Flat	1.74%
May 10	A	Strong	Up	Up	Flat	1.98%
May 9	A	Strong	Up	Up	Flat	2.01%
May 8	A	Strong	Up	Up	Flat	2.04%
May 7	A	Strong	Flat	Up	Flat	2.06%
May 6	A	Strong	Up	Up	Flat	2.00%
May 3	A	Strong	Up	Up	Flat	1.98%
May 2	A	Strong	Flat	Up	Flat	2.11%