0DTE Market Map: SPY, QQQ, IWM & AMZN — September 15, 2026

The 0DTE tape

In the September 14, 2026 session, the market exhibited mixed relative strength. QQQ led the major averages by closing +0.83% from its open, while SPY (+0.23%), AMZN (+0.16%), and IWM (+0.14%) logged modest gains relative to their respective opening prints.

The Whalor 0DTE setup ledger for September 14 recorded two active intraday setups: a bearish opening_drive_reversal in SPY and a bearish opening_drive_reversal in IWM. Both setups reached their logical conclusion via a time_stop, indicating that early bearish momentum on the opening drive reversals did not yield sustained directional breakdowns before the session concluded.

SPY levels

During the September 14 session, SPY opened at 759.00, established a high of 763.52, and traded down to a low of 757.93 before closing the day at 760.78. The volume-weighted average price (VWAP) for the session sat at 761.08. The initial balance, represented by the opening 30-minute range, was defined by a low of 758.45 and a high of 760.59.

QQQ levels

QQQ opened the session at 703.33 and reached a high of 712.95. It printed a session low of 702.74, which also marked the bottom of its opening 30-minute range. QQQ closed at 709.16, with a session VWAP of 708.48. The opening 30-minute range was bounded by the low of 702.74 and a high of 706.74, showing upward expansion beyond the initial range later in the day.

IWM levels

IWM opened at 287.49, reached a session high of 289.84, and touched a low of 287.06. The small-cap index closed at 287.90, slightly below its session VWAP of 288.40. The opening 30-minute range for IWM was established between a low of 287.36 and a high of 288.86.

AMZN levels

AMZN opened at 253.15, found a high of 255.95, and dipped to a low of 250.74. It closed the session at 253.56, virtually in line with its session VWAP of 253.67. The opening 30-minute range for AMZN spanned from the session low of 250.74 up to a high of 255.20, containing the vast majority of the day's price action.

Scenarios for the next session

To map out the next session without bias, we establish clear bullish and bearish confirmation scenarios based entirely on the structural boundaries of the September 14 session.

Bullish Confirmation Scenario

A bullish bias would be confirmed if price action sustains trade above the prior session VWAPs (SPY 761.08, QQQ 708.48, IWM 288.40, AMZN 253.67). For SPY and QQQ, buyers would need to reclaim and hold these VWAP levels, leading to an expansion past the prior session highs of 763.52 and 712.95 respectively. For IWM and AMZN, a clean break and hold above the opening 30-minute range highs (288.86 and 255.20) would signal that buyers are absorbing supply and attempting to test the September 14 highs of 289.84 and 255.95.

Bearish Confirmation Scenario

Conversely, a bearish bias would be confirmed if the indices trade below their prior session VWAPs and fail to sustain rallies into the opening 30-minute ranges. For SPY and IWM, bearish confirmation would involve a break below the prior session lows of 757.93 and 287.06. For QQQ and AMZN, if price action remains below the prior VWAPs and breaks down through the lower boundaries of their opening 30-minute ranges (702.74 and 250.74 respectively), sellers could drive a broader trend continuation. Watch for potential failed breakout patterns at the prior session highs to trigger bearish reversals, similar to the opening drive reversals tracked on September 14.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or trade recommendations.

Verified prior-session levels

• $SPY: open 759.00, high 763.52, low 757.93, close 760.78 (+0.23% from open), VWAP 761.08, opening 30m range 758.45-760.59.
• $QQQ: open 703.33, high 712.95, low 702.74, close 709.16 (+0.83% from open), VWAP 708.48, opening 30m range 702.74-706.74.
• $IWM: open 287.49, high 289.84, low 287.06, close 287.90 (+0.14% from open), VWAP 288.40, opening 30m range 287.36-288.86.
• $AMZN: open 253.15, high 255.95, low 250.74, close 253.56 (+0.16% from open), VWAP 253.67, opening 30m range 250.74-255.20.