Directional Bias For The Day: S&P Futures are higher; bouncing off oversold levels The odds are for an up to sideways day with elevated volatility; watch for break below 3220.25 for change of fortune Key economic data due: HPI ( 0.6% vs. 0.4% est.; prev. 0.2% ) at 9:00 AM S&P/CS Composite-20 HPI ( 2.85%…