Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for a break above 3400.00 for change of sentiment Key economic data due: Unemployment Claims ( 884K vs. 838K est.; prev. 881K) at 8:30 AM Core PPI ( 0.4% vs 0.2% est.; prev.0.5%) at…