Directional Bias For The Day: S&P Futures are higher; moving higher since 4:00 AM from 2711.50 Odds are for an up day with elevated volatility – watch for break above 2726.75 for change of fortune Key economic data due: CPI (0.3% vs. 0.3% est. and 0.1% prev. ) at 8:30 AM Core CPI (0.25% vs. 0.2% est. and 0.1% prev.) at 8:30…