If RSI goes overbought, it goes because of Wave 3 ?
That looks for me as ending diagonal behind.
Of cource nice movement is passed also in this year but this looks for me to more more happy traveller than SPX itself which indicates as potential impulse wave, sold once from SMA200 but that was taken out easily and with volume also which is the factor might be partially lagging issue with US market.
It is one of those countries which is estimated to be "third wave" of emerging markets some day once labor costs and lack of energy / power cuts is starting to heart China manufacturing. Third issues is the average population age, over 50% are less than 25 years old.