0DTE Market Map: SPY, QQQ, IWM & AMZN — September 24, 2026

The 0DTE tape

The September 23, 2026 session saw a downward trajectory across SPY, QQQ, IWM, and AMZN, with all four assets closing below their opening prices. This session was marked by bearish Whalor setups on SPY and IWM, specifically the "15m_200ma_bounce_rejection," both of which resulted in time stops. This followed a mix of bullish and bearish setups earlier in the week, including a stopped-out bearish EMA50 rejection on IWM and a bullish EMA13 bounce on QQQ on September 22. As we prepare for the next session, we map out yesterday's key regular-session boundaries to define our execution parameters.

SPY levels

During the September 23 session, SPY opened at 772.79 and peaked at an intraday high of 773.05. It experienced downward pressure throughout the day, hitting a session low of 766.50 before closing at 767.75, representing a -0.65% decline from the open. The volume-weighted average price (VWAP) settled at 768.58. The opening 30-minute range was established between 770.46 and 773.05.

QQQ levels

QQQ opened at 746.97 and reached an intraday high of 747.13. Sellers pushed the index down to a session low of 738.19, and it finished the session at 741.17, marking a -0.78% drop from its opening price. The session VWAP was 740.98. The initial 30-minute trading range was carved out between 742.81 and 747.13.

IWM levels

IWM showed relative weakness on September 23, opening at 285.99 and reaching an intraday high of 286.18 before declining to a session low of 281.84. It closed near its lows at 281.95, down -1.41% from the open. The session VWAP was 283.04, and the opening 30-minute range spanned from 283.82 to 286.18.

AMZN levels

AMZN opened the session at 253.00, printed an intraday high of 253.99, and then declined to a session low of 247.76. It closed at 249.35, a decline of -1.44% from the open. The session VWAP ended at 249.73. The opening 30-minute range was set between 250.22 and 253.99.

Scenarios for the next session

To navigate the upcoming 0DTE session, we establish objective scenarios based on the September 23 price action facts.

Bullish Confirmation Conditions

For a bullish scenario to gain traction, the price action must demonstrate a sustained reclaim of key overhead levels from the prior session.

• SPY: A bullish confirmation requires price to reclaim and hold above the session VWAP of 768.58, followed by a move back into the opening 30-minute range above 770.46. Stronger continuation would look for a reclaim of the open at 772.79.
• QQQ: Bulls need to see QQQ reclaim the session VWAP of 740.98 and push back above the opening 30-minute range low of 742.81. Sustaining above the open of 746.97 would confirm a broader trend reversal.
• IWM: A bullish shift requires reclaiming the session VWAP of 283.04 and crossing back into the opening 30-minute range above 283.82, targeting a move toward the open of 285.99.
• AMZN: Bullish confirmation relies on reclaiming the session VWAP of 249.73, followed by a sustained move above the opening 30-minute range low of 250.22, opening the path toward the open of 253.00.

Bearish Confirmation Conditions

For a bearish scenario to persist, sellers must keep prices capped below prior-session reference points and drive them below yesterday's low points.

• SPY: Bearish momentum is confirmed if the price fails to reclaim the session VWAP of 768.58 or the close of 767.75, leading to a breakdown below the session low of 766.50.
• QQQ: Bearish continuation is confirmed if QQQ remains capped below the session VWAP of 740.98 or the close of 741.17, followed by a clean break below the session low of 738.19.
• IWM: Bearish validation occurs if the price remains below the session VWAP of 283.04 and breaks below the prior close of 281.95 and low of 281.84, signaling further downward extension.
• AMZN: Sellers maintain control if AMZN cannot reclaim the session VWAP of 249.73 or the close of 249.35, leading to a breakdown below the session low of 247.76.

This market map is for educational purposes only and does not constitute financial advice or trading recommendations.

Verified prior-session levels

• $SPY: open 772.79, high 773.05, low 766.50, close 767.75 (-0.65% from open), VWAP 768.58, opening 30m range 770.46-773.05.
• $QQQ: open 746.97, high 747.13, low 738.19, close 741.17 (-0.78% from open), VWAP 740.98, opening 30m range 742.81-747.13.
• $IWM: open 285.99, high 286.18, low 281.84, close 281.95 (-1.41% from open), VWAP 283.04, opening 30m range 283.82-286.18.
• $AMZN: open 253.00, high 253.99, low 247.76, close 249.35 (-1.44% from open), VWAP 249.73, opening 30m range 250.22-253.99.