Directional Bias For The Day: S&P Futures are higher at 8:30 AM; drifting sideways to up since  6:00 PM; breaking above the range between 4096.00 and 4072.0 following 8:30 AM economic reports The odds are for an up-to-sideways day with elevated volatility – watch for a break below 4072.00 for clarity The key economic data…