Software may be topping out: losing 103 sets a monthly lower high with a target in the mid-90s; weekly lower highs in CRWD/PANW would confirm a shift into monthly consolidation.

Software remains in an uptrend; as long as weekly higher lows hold above 103.73, bulls control the monthly move, but losing that level would mark a real shift in the sector.

The software space represented by IGV was under pressure earlier and dropped about 36-37% from 117; it has recovered, but investors need to be very selective because not every software company is worth investing in.

The host shorted IGV due to rising wedge bearish potential; he entered near 112 with a stop over the 113.70 high, break-even around 109.50, and the ideal bear scenario is a monthly lower high.