I'd be willing to give 80% odds that this little lift in the futures is quickly sold off at the market open. A lot of people seem to want to be optimistic here, but there is little technical reason for a bottom. Everything has room to run further IMO. Some people say that acceleration won't occur unless a downgrade is announced, but I would disagree. In 2011, the official downgrade announcement came only a two trading days before the short term bottom was in.