Some strategists expect the S & P 500 to rally as high as about 4,100 and top out there.
They had a lead time of two weeks to when the S & P peaked," she said.
"I'm not recommending countertrend positions, but I do think think the Nasdaq-100 could outperform temporarily," she said.
Scott Redler, partner with T3Live.com, agrees the S & P 500 could rally until 4,100, still below its August high of 4,325.
But until then, the S & P will take aim at its 200-day moving average, at 4,078.