Directional Bias For The Day: S&P Futures are sharply lower; moving higher since 5:00 AM after making a low of 2747.25 below earlier low of 2748.50; nearly 30 points above the day’s low so far Odds are for a down day with a good chance of a dead-cat-bounce; increased volatility Key economic data due: CPI ( 0.1% vs.…