Directional Bias For The Day: S&P Futures are higher; moving higher since 6:30 AM; within a horizontal channel between 2722.50 and 2698.75, since 4:00 PM on Wednesday Competing forces in play – bearish pressure on daily and 2-hour charts; bounce from oversold on 30-minute and 6-minute charts Odds are for a down day I greater volatility – watch for break above…