0DTE Market Map: SPY, QQQ, IWM & AMZN — September 30, 2026

The 0DTE tape

The session on September 29, 2026, demonstrated a continued pattern of intraday chop and directional frustration for 0DTE traders. All four tracked assets closed lower relative to their opening prints, with SPY down 0.34%, QQQ down 0.29%, IWM down 0.43%, and AMZN flat at -0.00% from its open.

The recent Whalor setup ledger highlights the difficulty of navigating these conditions. On September 29, the SPY BULLISH opening_drive_reversal setup resulted in a stopped_out trade, mirroring the stopped_out bullish attempt on September 28. Meanwhile, the IWM BEARISH 15m_200ma_bounce_rejection setup concluded in a time_stop. Looking back over the last several sessions, including September 23, 24, and 25, a heavy concentration of time_stop results across both bullish and bearish strategies underscores a market struggling to generate clean, sustained runaways after the opening range is established.

SPY levels

During the September 29 session, SPY opened at 766.83, reached an intraday high of 766.98, and traded down to a low of 762.35. It closed the session at 764.23, which was nearly identical to its volume-weighted average price (VWAP) of 764.22. The opening 30-minute range was established between 764.60 and 766.98. The tight clustering of the close and the VWAP near the middle of the daily range reflects the lack of trend continuation.

QQQ levels

QQQ opened at 740.14, putting in a daily high of 740.58 shortly after the open before descending to an intraday low of 735.34. The asset closed at 737.98, finishing just above its session VWAP of 737.75. The opening 30-minute range for QQQ was defined by 736.26 on the downside and 740.58 on the upside, meaning the daily high was locked in during the first half-hour of trading.

IWM levels

IWM opened at 280.25 and posted an early high of 281.05, which served as the top of its opening 30-minute range. The small-cap index then declined to a session low of 277.41 before recovering slightly to close at 279.05. The daily VWAP settled at 278.70. The opening 30-minute range was bounded by 279.64 and 281.05, showing that the late-day price action remained below the initial 30-minute floor.

AMZN levels

AMZN displayed the tightest relative performance against its open, starting the day at 246.71 and closing virtually unchanged at 246.69. The stock reached a high of 248.84 and a low of 245.14, with a session VWAP of 246.78. Its opening 30-minute range was set between 245.21 and 247.41, with the late-session move testing outside the initial 30-minute boundaries but ultimately closing directly back at the open.

Scenarios for the next session

To frame the upcoming session without predicting direction, traders can look to the previous day's key reference points for confirmation of trend or continued consolidation:

• Bullish Confirmation Scenarios: A bullish bias would be supported if prices can establish acceptance above the September 29 VWAP levels (SPY 764.22, QQQ 737.75, IWM 278.70, AMZN 246.78) during the opening half-hour. Further confirmation of strength would require a clean breakout above the prior session highs (SPY 766.98, QQQ 740.58, IWM 281.05, AMZN 248.84), accompanied by rising VWAP slopes.
• Bearish Confirmation Scenarios: A bearish bias would gain traction if prices open or quickly move below the previous session's VWAPs and fail to reclaim them. Continued downward momentum would be confirmed by a sustained break below the September 29 session lows (SPY 762.35, QQQ 735.34, IWM 277.41, AMZN 245.14), opening the door to expansion lower.
• Chop and Mean-Reversion Scenarios: If prices remain bound within the September 29 opening 30-minute ranges, mean-reversion strategies may continue to dominate, potentially leading to further time stops or stopped-out breakout attempts as seen in recent setups.

This map is for educational purposes only and does not constitute financial advice.

Verified prior-session levels

• $SPY: open 766.83, high 766.98, low 762.35, close 764.23 (-0.34% from open), VWAP 764.22, opening 30m range 764.60-766.98.
• $QQQ: open 740.14, high 740.58, low 735.34, close 737.98 (-0.29% from open), VWAP 737.75, opening 30m range 736.26-740.58.
• $IWM: open 280.25, high 281.05, low 277.41, close 279.05 (-0.43% from open), VWAP 278.70, opening 30m range 279.64-281.05.
• $AMZN: open 246.71, high 248.84, low 245.14, close 246.69 (-0.00% from open), VWAP 246.78, opening 30m range 245.21-247.41.