All indexes opened lower but closed on high changing short trends to up.

The Euro and the stock indexes fell on open but closed on upside changing the hourly trends to up at close. Short covering and profit taking set in when the opening lows held for several hours making the two hour trend rally just before Monday close.

Politicans in Europe said a default of Greece not in the cards this month.

Several gaps were created and some of them were closed in late New York trading. Markets likely to test the upside Tuesday with falling 8 day MA:s as resistance.