At the close of the prior week, a breakout from a flag formation had us questioning if the market was too overbought for the breakout to lead to higher prices. My conclusion was that there was plenty of room to the upside before our indicators got uncomfortably overbought. Brilliant! Unfortunately, there was no followthrough on the breakout at all, and the market just dribbled sideways for a week. Our indicators still allow for more upside price movement, but that is no longer of immediate concern.