$ES Weekly BIAS, Week of Oct 22nd, 2023

This is the Weekly BIAS for this week on ESZ2023



Price closed below the previous week’s low (PWL).

**→ Price is likely going to close below last week’s low.**

Where is price headed? We know that price is drawn to 1 of 2 things:
-Buy/Sell Stops (old highs or lows)
-Imbalances (FVGs)

**There are some old Weekly lows below, so we know that price is likely headed towards those old lows.**