ES Futures - Here we go again Evergrande

Been posting about the situation in China - now its all coming back. See attached if interested.

ES went from 4470 to 4250 on maybe Evergrande is going in to default.

Now its happening. I believe the reality should be worth the same - of course this is the tip of the iceberg.

Base metal products such as iron in China have fallen the most in 3 yrs.

Anyway easy trade inside the triangle to VPOC at 4612.

Most likely they will wait for the overnight to move the market.