Risk may have topped for 2-3 months.

Well, it may have finally happened, and we may have seen the highs for stocks for a couple of months.

There are a few great topping patterns among technology stocks, I'll start with the Nasdaq100, which is leading the way down right now. It has penetrated quite an important trendline [red] that connects wave 2 and wave 4. Classically, this signals the end of the uptrend, AND this has not happened so far in this relentless, 8 week rally.