if you notice, there seems to be very large support around the 3500 area from mid-September (interestingly, we also have some support around the 0.5 fibonacci retracement level in mid-November). RSI is not nearly as low as it could be for a bearish market.
i believe the "death cross" is also very symbolic. i think we may test the death cross resistance of 10,700 before continuing the drop. however, if that happens and we can't peak through that level, i think we may show additional bearish divergence on the RSI chart from the March level to the point that happens, perhaps confirming an additional drop, and this elliott waves count.
everything is adding up for me. i think the most important part of this chart is that 0.382 possible retracement level, which is also the previous low around 6700. if we make it down there, and don't double bottom, watch out.