Directional Bias For The Day: S&P Futures are higher; moving within a narrow horizontal channel – high near 2794.00 and low near 2789.00 – since NYSE close on June 12; low volatility; awaiting FOMC Statement at 2:00 PM Odds are for a sideways move in the early session – watch for break above 2794.25 and below 2789.25 for clarity…