Please don't be a dreamer that this is still a bull market. It's only correction with no volumen. Next drop will be big. I think around 2100 they stop again but....just for a while. I predict that we will see 1500 on S&P sooner then later.
I agree with 1/2 your thesis, were def gonna drop to or around that level, we will prob bounce higher then what we bounced to today, but it will take the majority of 2019, then a rapid collapse at the end of 2019 for 2 years. We wont have 1 bounce only , after one of the longest bull runs in history, peoples risk on appetite wont diminish so fast.