Tuesday's pre-open Argentina rebuild lasted three hours of cash trading and was crushed overnight in NYC. Wednesday opens with Ibovespa down 1.5%, MERVAL ADRs averaging a 3.5-point sell, and Mexico the only LatAm equity tape with positive breadth.

Tuesday's pre-open Argentina rebuild lasted three hours of cash trading and was crushed overnight in NYC. Wednesday opens with Ibovespa down 1.5%, MERVAL ADRs averaging a…

Argentina Merval fell 1.47% to 2,774,731 Tuesday, a normal pullback after Monday 4% surge. Cloud-top rejected, 200-DMA held, MACD still healing. Full report.