Trend Table for QEBL - Mackenzie Emerging Mkts Local Cur Bd ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	D	Weak or Absent	Down	Flat	Up	5.76%
May 22	D	Weak or Absent	Down	Flat	Up	5.07%
May 15	F	Weak or Absent	Down	Down	Up	6.16%
May 13	F	Weak or Absent	Down	Down	Flat	6.28%
May 10	F	Weak or Absent	Down	Down	Up	5.96%
May 9	F	Weak or Absent	Down	Down	Up	5.90%
May 2	F	Weak or Absent	Down	Down	Down	8.10%
Apr 26	F	Weak or Absent	Down	Down	Down	7.73%
Apr 16	F	Weak or Absent	Down	Down	Down	8.48%
Apr 12	F	Weak or Absent	Down	Down	Flat	6.50%