Directional Bias For The Day: S&P Futures are down; drifting down since 8:00 PM on July 17 Odds are for a sideways to up day – watch for break above 2813.75 and below 2807.75 for clarity Key economic data due: Building Permits (1.27M vs. 1.33M est.) at 8:30 AM Housing Starts (1.17M vs. 1.32M est.) at 8:30 AM Markets Around The World Markets in the East…