Robin Drayton

This arc of colours looks like an inverted rainbow, and forms high in the sky. It is like a fragment, closest to the Sun, of a circle around the the point in the sky directly above the viewer (known as the 'zenith'). Its colours are caused by a cloud's ice crystals diffracting the sunlight passing through. In this image, the ice crystals are in high Cirrus and Cirrostratus clouds.

Full classification: , showing the optical effect:

Other examples of circumzenithal arc:
John Paterson

diamond dust, circumzenithal arc