Directional Bias For The Day: Higher probability for a down day On 4-hour chart, S&P 500 future is knocking on the lower limit of rectangle trading range after breaking below a narrower trading range on Tuesday Critical support levels for S&P 500 are 2147.58, 2136.62 and 2123.72 Critical resistance levels for S&P 500 are 2159.47, 2168.96 and 2173.31 Early morning futures price action…