Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2861.50 for change of fortune Key economic data due: Building Permits ( 1.34 M vs. 1.27M est. ; prev. 1.23M ) at 8:30 AM Housing Starts ( 1.19M vs. 1.26M est.…