[Update 8:27AM: Top alternate count of course is the Minor 4 count. Then nominal highs for Minor 5. In terms of cash index, the SPX would ideally hold above or at the previous subwave [iv] price which is 1271-1276. On the e-minis that price is actually a bit lower at 1262.25.]
[Update 8AM: There are of course other triangle possibilities including triangles that break downward. However a triangle implies corrective waves overall, hence the Minor 3 and Minor 4 labeling.
One such bearish triangle setup implies a rise today for (e) to probably 1320ish SPX then a sharp reversal downward.