This is a great chart depicting the impact of the stimulative policy of the FED since the Lehman Brothers collapse. It is always hard and a bit stupid to call a top before a significant move in the market actually signals it but it is noteworthy to pay attention to the waning momentum indicated by the Slow Stochastics which already turned down. The Candlestick pattern on the Weeklies also gives a warning signal of a possible reversal.
Shanghai Composite has been in the news recently as Industrial Production figures decline further. It is reported that there is a general lack of interest in the Mainland to investing in the stock market and people are rather putting money in the Real Estate as a more prudent way to manage their wealth. The SSEC Index is in steady decline ever since the global financial crisis started and this is in a stark contrast to the steady rise in the US stock markets. And this event has a rather clear explanation.