Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day; elevated volatility – watch for a break below 3195.25 for change of sentiments Key economic data due: Building Permits (1.24M vs. 1.30M est.; prev. 1.22M) at 8:30 AM Housing Starts (1.19M vs. 1.17M est.; prev. 0.97M)…