While the US500 took a nice swan dive off a high rise yesterday, we are still within our near term bullish uptrend channel. Daily CCI is testing the Zero Line which is a big level for momentum. Breaking the Zero line will significantly improve our chances of a near term correction. Holding the Zero line is simply retesting support. Since we have not yet been this low on the CCI for the current bull trend, caution is warranted. However as We hold the CCI, and Fibonacci breakout support levels. We must stay bullish until the trend and CCI breaks down.