Directional Bias For The Day: S&P Futures are higher Drifting higher since 8:30 PM on October 30; at a down trend line from the high of 2580.75 on October 27 Odds are for an up to sideways day – watch for break above 2575.00 and below 2471.00 for change of fortunes Key economic data due: Employment Cost Index (0.7% vs. 0.7% est.) at 8:30 AM…