Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility; – watch for break above 3120,00 for change of sentiments Key economic data due: Philly Fed Manufacturing Index (27.5 vs. -21.0 est.;prev. -43.1) at 8:30 AM Unemployment Claims (1508K vs. 1300K est.; prev. 1566K) at 8:30…