Directional Bias For The Day: Futures are sharply lower Moving down since 9:30 AM on May 16 Fresh down leg at 6:00 PM on May 16 Breaking below an up-sloping flag that was forming since 8:30 PM at 8:00 AM Odds are for a down day; watch for break above 2388.75 for change of fortunes No key economic data to be released…