New Scenario, New Targets & The World's Best Pancakes

The previous scenario (a correction down to the 2,012 area or thereabouts) is gone. Onto a new one.

This one has a stop of 2043.07. There is a 61.8% Fib extension target at 2064.69 and a 161.8% target at 2072.20.

With Fed minutes coming out later from Janet & Co., I want to be aware of both upper and lower potentials.

If correct, there could be a much different event in store once the upper target is satisfied. Just a simple retracement could see the S&P back to the 1,970 area.

Yesterday was a blowout dining experience here in Atlanta. First was breakfast at Ria's Bluebird where we discovered the world's best pancakes according to the New York Times.

I'm more of a protein and vegetables guy, but all it took was one bite to agree. Everyone else at the table felt the same way. They were fluffy but crisp -- but not too fluffy. The flavor was intensely sweet and carmelized. They were served with real maple syrup as standard equipment, a sign that Ria's takes things seriously.

Later on it was a joyous romp at Kevin Rathbun Steak. All six of us were there for hours and had a great party. I went nuts over the menu. There was so much I wanted to order that I blew off having just a steak and ordered four different things.

That's Japanese BBQ Wagyu Short Ribs with Cabbage-Scallion Slaw, Smokey Braised Greens with Kentucky Hog Jowl, and Agave Laced Kale with Fennel, Onion, and Pine Nut. Not pictured are the Coca-Cola Baby Back Pork Ribs (hey, it's Atlanta man) that I started with. There were also some Scalloped Sweet Potatoes with Gruyere floating around the table which were crazy melt-in-your-mouth good. Then I got driven home in a Boxster. Pretty damn good night. I love this town.