Directional Bias For The Day: S&P Futures are down; moving down in a down-sloping flag sine 3:00 PM on Wednesday At the lower bound of a horizontal channel on 6-Minute timeframe Odds are a sideways day with an up bias – watch for break above 2806.25 and below 2800.25 for change of fortunes Key economic data due: Housing Starts (1.19M…