0DTE Market Map: SPY, QQQ, IWM & AMZN — September 1, 2026

The 0DTE tape

The market tape on August 31, 2026, delivered a highly fragmented intraday landscape. While QQQ managed a positive close relative to its open, SPY, IWM, and AMZN all finished the session in negative territory relative to their opening prints. Intraday execution faced headwinds as recent Whalor setups struggled for clean expansion. Specifically, a QQQ bearish ema_pullback_continuation setup resulted in a stopped-out trade, while an IWM bearish failed_breakout_breakdown_trap ended in a time stop. This indicates a choppy environment where direction was contested. For the upcoming session, traders can use the precise structural boundaries of August 31 to define risk without assuming direction.

SPY levels

SPY closed at 766.95, representing a slight -0.05% decline from its opening price of 767.33. The session high was established at 768.00, while the low was found at 764.72. The session volume-weighted average price (VWAP) settled at 766.36. Early in the session, SPY defined its opening 30-minute range between 765.50 and 767.62.

• Bullish confirmation: A sustained hold above the session VWAP of 766.36, followed by a breakout and acceptance above the 30-minute opening range high of 767.62, targeting the session high of 768.00.
• Bearish confirmation: A failure to hold the session VWAP of 766.36, leading to a breakdown below the 30-minute opening range low of 765.50 and a test of the session low at 764.72.

QQQ levels

QQQ was the relative strength leader, closing at 716.82, which was +0.23% above its open of 715.17. The session high reached 717.58, and the low was established at 713.16. QQQ's session VWAP was 714.98, with the opening 30-minute range defined between 713.97 and 717.00.

• Bullish confirmation: Price holding above the session VWAP of 714.98, followed by a clear break and hold above the opening 30-minute high of 717.00, opening the path to test the session high of 717.58.
• Bearish confirmation: A loss of the session VWAP at 714.98, leading to a breakdown below the opening 30-minute low of 713.97, targeting a retest of the session low at 713.16.

IWM levels

IWM exhibited relative weakness, closing at 293.91, down -0.40% from its open of 295.09. The session high peaked at 295.35, while the low bottomed at 292.70. The session VWAP finished at 293.45. IWM's opening 30-minute range was bound between 293.38 and 295.35.

• Bullish confirmation: Reclaiming and holding above the session VWAP of 293.45, followed by a move to test and break above the 30-minute opening range high of 295.35.
• Bearish confirmation: Continuing to trade below the session VWAP of 293.45, with a breakdown below the opening 30-minute low of 293.38, exposing the session low of 292.70.

AMZN levels

AMZN showed the most significant weakness, closing at 259.93, a decline of -1.48% from its open of 263.82. The high of the day was 264.36, and the low was 257.12. AMZN's session VWAP settled at 260.10, with an opening 30-minute range of 261.07 to 264.36.

• Bullish confirmation: A clean reclaim of the session VWAP at 260.10, followed by a break back into the 30-minute opening range above 261.07, targeting the session high of 264.36.
• Bearish confirmation: Staying capped below the session VWAP of 260.10, leading to a breakdown below the session low of 257.12.

Scenarios for the next session

• Scenario A (Bullish Expansion / Reversal Traps): If the market opens with upward momentum, look for price acceptance above the prior session VWAPs (SPY 766.36, QQQ 714.98, IWM 293.45, AMZN 260.10). Bullish confirmation occurs if pullbacks hold these VWAPs or the 30-minute range boundaries. Under this scenario, traders might watch for a failed_breakout_breakdown_trap (support trap reclaim on the 5-minute and 1-minute charts) or a zero_dte_ema13_reclaim to confirm buyers are in control.
• Scenario B (Bearish Continuation / Rejections): If selling pressure persists, look for prices to remain capped below the prior session VWAPs. Bearish confirmation occurs if prices break below the August 31 lows (SPY 764.72, QQQ 713.16, IWM 292.70, AMZN 257.12). Under this scenario, traders can monitor for ema_pullback_continuation setups (rejections at the 5-minute 21-period EMA) or an opening_drive_reversal if early morning strength fails at key resistance boundaries.

Educational only. This is a scenario-based map, not a prediction of market direction.

Verified prior-session levels

• $SPY: open 767.33, high 768.00, low 764.72, close 766.95 (-0.05% from open), VWAP 766.36, opening 30m range 765.50-767.62.
• $QQQ: open 715.17, high 717.58, low 713.16, close 716.82 (+0.23% from open), VWAP 714.98, opening 30m range 713.97-717.00.
• $IWM: open 295.09, high 295.35, low 292.70, close 293.91 (-0.40% from open), VWAP 293.45, opening 30m range 293.38-295.35.
• $AMZN: open 263.82, high 264.36, low 257.12, close 259.93 (-1.48% from open), VWAP 260.10, opening 30m range 261.07-264.36.