SPY vs ES

The SPY is the closest related average to ES, here's what the SPY charts have looked like during this ES afternoon wackiness

 SPY 2 min shows the same move down as ES, but has continued and recovered.

 The 3 min trend is virtually unaffected.

The 5 min trend is as if nothing happened, yet ES is noisy.

I still suspect ES is seeing traders move out before the close as it is highly leveraged and traders don't like holding through the weekend.