Directional Bias For The Day: The futures are sharply lower Moved up from 2:30 AM lows of 2317.75 to high of 2327.50 by 5:00 AM; drifting lower since Odds are for a down day; watch for break above 2337.50 for change of fortunes Volatility will be elevated Markets Around The World Markets in the East closed lower European markets are lower Dollar index, USD/JPY and GBP/USD are lower; EUR/USD is…