0DTE Market Map: SPY, QQQ, IWM & AMZN — October 7, 2026

The 0DTE tape

The October 6 session featured a bullish QQQ setup: the zero_dte_ema13_bounce (specifically utilizing the 5m EMA13 bounce and 1m EMA reaction high break), which ultimately resolved in a time_stop. This continuation pattern has been highly prominent in the Whalor ledger, appearing on QQQ on October 5 and October 2, and on IWM on October 5—all ending in time stops. This suggests that while intraday pullbacks to the short-term moving average are finding buyers, the subsequent momentum has lacked immediate directional expansion post-trigger.

Conversely, bearish setups, such as the October 5 SPY opening_drive_reversal, resulted in a stop-out, pointing to persistent underlying bid pressure despite choppy conditions. Meanwhile, earlier bearish setups from late September and October 1, such as the 15m 200MA bounce rejections and opening range retests on QQQ and IWM, also resolved in time stops, highlighting a market prone to range-bound behavior.

SPY levels

During the October 6 session, SPY opened at 778.15, printed a high of 781.62, and a low of 777.96, before closing at 779.14 (+0.13% from the open). The session volume-weighted average price (VWAP) settled at 779.82. The opening 30-minute range was defined by 777.96 on the downside and 779.97 on the upside.

• Bullish confirmation: Requires price acceptance above the VWAP of 779.82, followed by a sustained break of the opening 30-minute high (779.97) and the session high of 781.62.
• Bearish confirmation: Entails holding below the VWAP of 779.82 and breaking below the opening 30-minute low and session low of 777.96.

QQQ levels

QQQ opened at 760.51, reached a high of 762.86, and slid to a low of 759.10, closing at 759.61 (-0.12% from the open). The session VWAP was 760.93. QQQ established its opening 30-minute range between 759.10 and 761.70.

• Bullish confirmation: Requires sustained trading above the VWAP of 760.93 and a breakout past the opening 30-minute range high of 761.70 to target the session high of 762.86.
• Bearish confirmation: Is established if price action remains below the VWAP of 760.93 and breaks under the dual support of the opening 30-minute low and session low at 759.10.

IWM levels

IWM exhibited relative weakness during the October 6 session, opening at 284.40, hitting a high of 284.64, and dropping to a low of 280.76, before closing near its lows at 281.29 (-1.09% from the open). The session VWAP finished at 282.17. The opening 30-minute range spanned from 283.16 to 284.64.

• Bullish confirmation: Requires a reversal back above the session VWAP of 282.17 and a re-entry into the opening 30-minute range above 283.16.
• Bearish confirmation: Is marked by a failure to reclaim the VWAP of 282.17, keeping price pressured below the session low of 280.76.

AMZN levels

AMZN showed relative strength on October 6, opening at 253.40, posting a low of 251.08, and rallying to a high of 256.68, before closing near its highs at 256.33 (+1.16% from the open). The session VWAP was 254.95. Its opening 30-minute range was 251.08 to 253.68.

• Bullish confirmation: Involved holding above the VWAP of 254.95 and breaking above the session high of 256.68.
• Bearish confirmation: Requires price falling back below the VWAP of 254.95 and breaking under the opening 30-minute range low of 251.08.

Scenarios for the next session

• Scenario A (Bullish Expansion): Buyers assert control by holding prices above the October 6 VWAPs (SPY 779.82, QQQ 760.93, IWM 282.17, AMZN 254.95). In this scenario, traders look for confirmation via continuation setups like the zero_dte_ema13_bounce on the 5-minute chart, triggered by a 1-minute EMA reaction high break. Success is confirmed by sustained trading above the October 6 highs (SPY 781.62, QQQ 762.86, IWM 284.64, AMZN 256.68).
• Scenario B (Bearish Expansion): Sellers drive prices below the October 6 VWAPs. Confirmation of bearish momentum occurs if prices break below the opening 30-minute lows and session lows (SPY 777.96, QQQ 759.10, IWM 280.76, AMZN 251.08). In this case, setups like the opening_drive_reversal or a moving average bounce rejection (similar to the 15m 200MA rejection seen in previous sessions) would serve as the primary execution frameworks.

Educational only, not financial advice.

Verified prior-session levels

• $SPY: open 778.15, high 781.62, low 777.96, close 779.14 (+0.13% from open), VWAP 779.82, opening 30m range 777.96-779.97.
• $QQQ: open 760.51, high 762.86, low 759.10, close 759.61 (-0.12% from open), VWAP 760.93, opening 30m range 759.10-761.70.
• $IWM: open 284.40, high 284.64, low 280.76, close 281.29 (-1.09% from open), VWAP 282.17, opening 30m range 283.16-284.64.
• $AMZN: open 253.40, high 256.68, low 251.08, close 256.33 (+1.16% from open), VWAP 254.95, opening 30m range 251.08-253.68.