ES Reverses Down Hard in Reaction To Draghi and ECB.... Mar 10, 2016 - 12:00 AM EST "Only" a 35 point downside reversal so far in ES (Emini S&P 500) after the ECB rate cut this morning. The Jan-Mar support line and near-term support zone at 1980/78, which if sustained, should trigger downside continuation to 1945/40 next.