Directional Bias For The Day: S&P Futures are lower Were positive till 9:00 AM Moving in a horizontal channel – high of 2434.00 and low of 2423.75 – since NYSE close on August 17 Odds are for a down to sideways day – watch for break above 2434.00 for a change of fortunes Key economic data due: Prelim UoM Consumer Sentiment (est. 4.0) at…