Directional Bias For The Day: S&P Futures are little changed Moving in a horizontal channel since 4:00 PM on August 17 – high of 2434.00 and low of 2419.75 Odds are for a sideways to an up day – watch for break below 2419.75 for a change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mostly lower – Shanghai…