All this means that we have not reached the bottom of 2018 
Do you mean levels below $ 5500 ?, It is not expected to happen.We can easily break $5,500. For this there are several "positive" events:
August 23 - ETF ProShares
September 7 - Bitwise
September 21 - Direxion
September 30 - CBOE VanEck/SolidX