Micro E-mini S&P 500 Index Futures (Jun 2020) forum

Bearish liquidity in a composite chart means the bottom symbol is set to out-perform. Here that is gold.
The last episode of composite bearish liquidity lasted 123 days (green lines).
Current bearish conditions have lasted 56 days.
As seen on the daily chart.

(Red candles = bearish liquidity).

At present, the market is trading around 6,790, which is within the key range we’ve identified.
For support levels, the first significant area is between 6,778 and 6,772. Below that, there’s another critical zone from 6,771.5 to 6,760.5 that we consider our value edge. Additional support can be found in the range of 6,758.75 to 6,754, which serves as an obvious stop pocket.
This creates a classic cash-open scenario where we could either see a breakout above 6,800 or a failure to maintain that level, leading to a rotation back into the established comfort zone from this morning.

