My predictions for the Direct:
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online mode details (including tournament mode with small tweaks)
people expect details on online mode which i think is pretty likely. I also feel like they will present tournament mode with some tweaks to the sm4sh version of it.
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smash run returning as a mode that can only be played by connecting multiple switch consoles
something I could definitely see since Nintendo showed off the Switch with people playing on different Switch consoles. What better game to promote this than a mode in Smash that can only be enjoyed this way?
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2 newcomers and 1 echo fighter
I feel like we're going to see 3 character reveals. I do think revealing 1 newcomer and 2 echo fighters would be pretty underwhelming. Also I wouldn't bet money on Sakurai including a lot of echo fighters. It's gonna be like in Sm4sh: mostly "true" newcomers and only a few echo fighters.
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Story-mode inspired by the Subspace Emissary
Many people are asking for this and I think Sakurai and his team are well aware of the demand for a storytelling singleplayer/multiplayer mode. so I would expect this to be included. Although I feel like Sakurai may keep the suspense up until the final moment and reveal the mode only later this year. (in October/November, close to the release of Smash Ultimate)
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one of the newcomers is gonna be something crazy nobody would have predicted
I do like Tabuu from Brawl and it would be crazy to see him as a playable character since probably almost nobody would have had him on his list of potential newcomers. Would be my go-to surprise pick for any direct featuring Smash Ultimate. It would also be perfect to ruin the expectations of those going with Simon Belmont. Tabuu could start his reveal trailer with a whipslash out of nowhere so most people go crazy about Simon Belmont and suddenly it's Tabuu instead. As I said pretty unlikely but making predictions without a bold prediction would be kinda boring.
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returning stage: Fountain of Dreams
a small wish but I hope to see Fountain of Dreams in beautiful HD graphics. Since already so many stages from past iterations returned I do think Fountain of Dreams has a good chance making it too.
And while I write my predictions, I honestly am not that much into the predictions this time around. I'm pretty happy with Wolf being in the game and as long as I see a few more Wolf moves, I'm fine with nothing else being shown in the Smash direct