Directional Bias For The Day: S&P Futures are higher Moving higher since 2:00 AM after trading sideway from 10:00 AM on August 15 Odds are for a sideways to an up day – watch for break below 2461.00 for a change of fortunes Key economic data due: Building Permits (1.22M vs. 1.25M est.) at 8:30 AM Housing Starts (1.16M vs. 1.22M est.) at 8:30 AM FOMC Meeting…