Directional Bias For The Day: Futures are lower Drifting lower since 4:30 AM high of 2460.50 Trading within a narrow band – between 2461.25 and 2454.00 – since 1:30 PM on July 14 Odds are for a sideways to a down day; watch for break above 2460.50 a change of fortunes; Key economic data due: Import Prices (est. -0.2%) at 8:30 AM Markets Around The…