Trend Table for XXXX - Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	C	Weak or Absent	N/A	Flat	Up	1.51%
May 7	C	Weak or Absent	N/A	Flat	Up	1.40%
May 6	D	Weak or Absent	N/A	Flat	Up	1.74%
May 3	D	Strong	N/A	Down	Up	5.81%
May 2	D	Strong	N/A	Down	Flat	11.03%
May 1	F	Strong	N/A	Down	Down	15.01%
Apr 30	D	Strong	N/A	Down	Down	13.14%
Apr 29	D	Strong	N/A	Down	Up	6.03%
Apr 26	D	Strong	N/A	Down	Up	7.31%
Apr 25	D	Strong	N/A	Down	Flat	11.34%