Directional Bias For The Day: Futures are sharply lower Moving down since 9:30 AM on May 16 20-bar EMA is acting as a resistance level Futures rose to 2367 during Asian session but are not down to 2350.00 Odds are for a down day; watch for break above 2360.75 for change of fortunes Key economic data: Unemployment Claims – 232K vs. 240K…