EUR: Haven't seen the low yet. Target 1.34 and perhaps even 1.30

yesterday saw an intraday low in EUR VS USD at 1.35. The rebound was quick off here. It has been flirting between 1.35 and 1.37 since then. It has been boosted by news of China potentially investing in Italian bonds and so on. However, I don't think the low is seen yet. I am targetting 1.34 from here and if things don't improve, don't rule out a 1.30 potentially.

SPX near term, bear flag consolidation, break 1140, target 1040

Gold: Frustration with no clear breakdown but seeing a series of lower tops

I am frustrated by the gold moves lately. It seems it is still not breaking down yet.
however, i am still comforted by the fact that it is showing a series of lower tops and so long it doesn't break and close above 1912-1923. Still a sell into rally. The move downwards could be explosive.

S & P 500: In downtrend and could target 1000

S & P 500 has broken the uptrend line drawn from Mar 2009 lows in late July/early August. First target of 1100 was hit and we saw a short term rally back up to 1220-1230.

Continued woes on US/European front has seen it come off. We could see a retest of 1100 first before 1000 which is a stronger support. At 1000, US Fed reserve may have to unveal QE3 to stem the fall.

We could get some insight from Obama's speech this Thursday (8th Sep 2011).

Gold Double top: Sell here to target 1700

My conviction comes from the waning momentum and as well as a outside day reversal yesterday. The last time it occurred was on 23rd Aug and we saw gold tumbled to 1700 from 1900. It could happen now and could well be a double top with ultimate objective at 1500.