Markets react to the "news" and plunge! Analysis last week has proved valid as the first strike by the bear inflicts wounds. Evergrande cops the blame, but this was a mere excuse as an exhausted market waited for the trigger.
A probable bounce is to be expected, not required as the plunge may continue. 33K is support, either more declines to this level or a bounce and then smash through 33K.
So hold short and if a bounce transpires, another sell the rally chance. The mother lode WILL arrive...just a question of patience.