Directional Bias For The Day: S&P Futures are lower at 8:45 AM; declined from 4335.75 at 9:45 PM to 4266.50 at 7:45 AM and then bounced up to around 4315.00 The odds are for a down day with elevated volatility; watch for a break above 4334.00 for a change of sentiments Key economic data report…