Directional Bias For The Day: S&P Futures are higher; moving up since 11:30 PM The odds are for an up day with elevated volatility – watch for break below 2909.00 for change of fortune Key economic data due: CPI ( -0.8% vs. -0.7% est.; prev. -0.4%) at 8:30 AM Core CPI ( -0.4% vs. -0.2%…