Directional Bias For The Day: S&P Futures are higher; moving up since 5:30 AM on January 10 At 78.6% Fibonacci retracement level of the decline on January 9 & 10 Odds are for an up day – watch for break below 2747.75 for change of fortunes Key economic data due: PPI (-0.1% vs. 0.2% est.) and Core PPI (-0.1% vs. 0.2% est.)…