Wednesday, June 3, 2026 · Covering Tuesday June 2 session
Summary
Argentina stock market report: the Merval eased 0.57% to 3,224,263.87 on Tuesday June 2, a shallow red candle that gave back a fraction of the breakout run after the index closed within touching distance of its record. The pullback is the overbought reading working off, not a reversal: the RSI sits at 71.22, still stretched, while the MACD stays strongly positive with the line well above its signal. The Milei-anchor story that drove the run is intact, with reserves near the $46.9 billion record. The January 28 record of 3,296,502 is the level overhead; the October midterm is the risk over the rally.
The Big Three
The Merval closed at 3,224,263.87, down 18,524 points or 0.57%, after a session that ranged from 3,189,815 to 3,251,695 and settled in the middle. This is a pause, not a turn: the index gave back a sliver of the breakout that had carried it to within roughly 2% of the all-time high.
