What was the reason for the huge spike up last half hour?

the electronic book owners seeing a lot of shorts out there they could squeeze into 1300 1310 spx buy stops tomorrow
 
Quote from atticus:

Short covering into SOTU address.

My guess is that someone got a hold of Obama's speech and that he is calling for a cut in the corporate tax rate. If so it could be an interesting day tomorrow. The action all day was really negative the whole day until that point
 
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