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Madcaptains

Trying to figure TTTK

S&P/TSX Capped Information Technology Index (TSX:TTTK)  
Madcaptains  
TSX:TTTK   S&P/TSX Capped Information Technology Index
Trend Analysis Chart Patterns
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I’m trying to desifer the TTTK today. I have 2 theories so far. Below is a wycckoff down sloping formation with a sign of strength rally and a back up action at the end. If thats what it is, today would be a nice test before the next up more. I kind of like this scenario but I fear that maybe I like it just because this is what I want to happen. There is always that risk of looking too hard until you see what you want to see.

The other scenario is we are in the phase A of an horizontal wyckoff formation (see above). I dont like this one much cause IMO it looks like we would be ready to retest the 150 area.

snapshot

Any thoughts?
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