0DTE Market Map: SPY, QQQ, IWM & AMZN — September 10, 2026

The 0DTE tape

The trading session on September 9, 2026, presented a highly rotational and challenging environment for both momentum and mean-reversion intraday setups. On the bullish side, attempts to play failed breakdown traps on SPY and AMZN resulted in stop-outs. On the bearish side, continuation plays—such as the SPY EMA13 breakdown, the QQQ resistance trap, the AMZN EMA pullback, and the IWM directional consensus play—all stalled, resulting in time stops. This price action indicates a tape where early directional moves lacked sustained follow-through, trapping participants on both sides of the market before grinding sideways to lower into the close.

SPY levels

During the September 9 session, SPY opened at 764.08, reached an intraday high of 764.47, and established an intraday low of 760.94. The index ultimately closed at 762.34, representing a decline of 0.23% from its opening price. The session volume-weighted average price (VWAP) finished at 762.74, while the initial 30-minute opening range was defined between 763.23 and 764.38.

• Bullish confirmation: A sustained trade back above the session VWAP of 762.74, followed by a reclaim of the 30-minute opening range floor at 763.23, opening the path to test the session high of 764.47.
• Bearish confirmation: Continued rejection below the VWAP of 762.74 and the prior close of 762.34, leading to a clean break of the session low at 760.94.

QQQ levels

QQQ opened the session at 716.40, printing an intraday high of 719.70 and a low of 714.02. It closed nearly flat relative to its opening print at 716.28 (-0.02% from the open). The session VWAP was established at 716.66, with the opening 30-minute range bounded by 715.48 on the downside and 719.06 on the upside.

• Bullish confirmation: Price acceptance above the session VWAP of 716.66, followed by a breakout past the opening 30-minute range high of 719.06 to challenge the session high of 719.70.
• Bearish confirmation: Sustained trading below the opening 30-minute range low of 715.48, leading to a test and breakdown of the session low at 714.02.

IWM levels

IWM exhibited relative weakness during the September 9 session. After opening at 293.46, the index reached a high of 294.15 before falling to a low of 290.31. It closed near its lows at 290.67, a decline of 0.95% from the open. The session VWAP finished at 291.61, and the opening 30-minute range was set between 292.62 and 294.15.

• Bullish confirmation: A decisive reclaim of the session VWAP at 291.61, followed by a move back into the opening 30-minute range above 292.62.
• Bearish confirmation: Failure to reclaim the prior close of 290.67, followed by a break below the session low of 290.31 to continue the downward momentum.

AMZN levels

AMZN opened at 253.12, traded to an intraday high of 254.69, and slid to an intraday low of 250.65. The equity closed at 252.48, marking a 0.25% drop from its opening price. The session VWAP settled at 252.10, and the initial 30-minute opening range spanned from 250.89 to 254.69.

• Bullish confirmation: Holding above the session VWAP of 252.10, followed by a push back above the opening print of 253.12 to target the session high of 254.69.
• Bearish confirmation: Acceptance below the VWAP of 252.10 and a break below the opening 30-minute range low of 250.89, leading to a test of the session low at 250.65.

Scenarios for the next session

Scenario A: Bullish Reclaim and Range Expansion

In this scenario, buyers step in early to defend the lower boundaries of the September 9 session. For confirmation, SPY must reclaim and hold above 762.74, QQQ must trade above 716.66, IWM must cross back over 291.61, and AMZN must hold above 252.10. Success in holding these VWAP levels would shift focus to the upper bounds of the September 9 opening 30-minute ranges, with potential targets at the prior session highs.

Scenario B: Bearish Continuation and Breakdown

In this scenario, sellers maintain control by rejecting any morning retracements at the prior session VWAPs. Bearish confirmation occurs if SPY fails to reclaim 762.74, QQQ remains capped below 716.66, IWM stays below 291.61, and AMZN cannot get back above 252.10. This weakness would be validated by a break below the September 9 session lows (SPY 760.94, QQQ 714.02, IWM 290.31, and AMZN 250.65), potentially signaling a fresh leg of intraday expansion to the downside.

This market map is for educational purposes only and does not constitute financial advice. All scenarios are based strictly on prior regular-session price action.

Verified prior-session levels

• $SPY: open 764.08, high 764.47, low 760.94, close 762.34 (-0.23% from open), VWAP 762.74, opening 30m range 763.23-764.38.
• $QQQ: open 716.40, high 719.70, low 714.02, close 716.28 (-0.02% from open), VWAP 716.66, opening 30m range 715.48-719.06.
• $IWM: open 293.46, high 294.15, low 290.31, close 290.67 (-0.95% from open), VWAP 291.61, opening 30m range 292.62-294.15.
• $AMZN: open 253.12, high 254.69, low 250.65, close 252.48 (-0.25% from open), VWAP 252.10, opening 30m range 250.89-254.69.