The ES opened in our 14.25 / 16.50 and soon moved down into the 11.25 / 13 level. No trade opportunities setup in the area before tumbling down to 9.50, just above our 8/9 level. The ES rotated up and then pushed down into the 8/9 level, trapping a lot of sellers near the S3 pivot and providing a good long trade opportunity. The entry was too close to the first target, so the second target of 11 was used. The ES actually pushed past the VWAP after the trade exit.
The market will probably slow down now until after the 2:15pm EST Fed meeting report. There might be some additional trade opportunities once the volatility from the Fed news dies down.