Directional Bias For The Day: S&P Futures are higher Off the high of 2477.25 reached at 4:30 AM Moving up in an up-sloping channel since 1:30 AM on July 27 Odds are for an up day – watch for break below 2471.25 for a change of fortunes Key economic data due: Core PCE Price Index (0.1% vs. 0.1% est.) at 8:30 AM Personal…