Directional Bias For The Day: S&P Futures are lower at 8:30 AM; declining since 3:00 AM, and broke below a Horizontal channel following the PPI report at 8:30 AM – the 61.8% extension target near 4125.00 is achieved; the 100% extension target is near 4114.00, and the 161.8% extension target is near 4098.00 The odds…