Trapped Longs

I'm sick and tired of you setting me up
Setting me up just to
Knock-a, knock-a, knock-a me down
--Bruce Springsteen

Ugly close yesterday as dip buyers were slammed rather than rewarded and markets closed near the low tick. Heavy action continues to be attributed to China--little understanding or at least admission of slowing economy, other probs domestically.

This morning, early strength has been sold. Smells like trapped longs to me. Not much support between here and SPX 1880ish--about 70 handles lower. Looking for short side entry points on any strength.

position in SPX