Here's how the triangle here would work:
|SPX 11-08 with 4th wave tri|
An impulse follows the completion of a symmetrical triangle; I'll propose that it will target 1798, where we will rollover again:
|SPX 11-08 6M|
You could count these final waves as an ABC from 1560, or as an ending-diagonal that started at 1627, either way -- they both point to 1798.
Which sets up the larger catastrophe, the 2008 tape x about 1.35:
|SPX 11-08 5Y|
Which looks like this on the really long timeline:
So the first order of business is to finish the rest of this proposed triangle this week.