Directional Bias For The Day: S&P Futures are down Drifting lower in steps since 3:00 PM on November 13; new leg down since 4:00 PM on Tuesday Broken below a horizontal channel with 100% extension target near 2557.50 Odds are for a sideways to down day – watch for break above 2572.50 for change of fortunes Key economic data due: CPI (0.1% vs.…