Directional Bias For The Day: S&P Futures are limit down; The odds are for a down day with extreme volatility; Key economic data due: Building Permits  ( 1.46M vs. 1.50M est.; prev. 1.55M) at 8:30 AM Housing Starts ( 1.60M vs. 1.51M est.; prev. 1.62M) at 8:30 AM Directional Bias Before Open: Weekly: In Correction…