Directional Bias For The Day: S&P Futures are lower Moving lower since 12:00 PM on August 16 with anew leg down at 3:00 AM Odds are for a down day – watch for break below 2468.50 for a change of fortunes Key economic data due: Unemployment Claims (232K vs. 240K est.) at 8:30 AM Philly Fed Manufacturing Index (18.9 vs. 18.3 est.) Capacity Utilization Rate (est.…