MNI EXCLUSIVE: MNI INTERVIEW: Consumer Boost Lead For UK Growth- ONS Fitzner

• RES 4: 6184.00 1.236 proj of the Aug 5 - Sep 3 - 9 price swing
• RES 3: 6200.00 Round number resistance   
• RES 2: 6194.19 1.236 proj of the Aug 5 - Sep 3 - 9 price swing   
• RES 1: 6178.75 High Dec 6 and the bull trigger       
• PRICE: 6130.25 @ 14:44 GMT Dec 17
• SUP 1: 6103.12 20-day EMA      
• SUP 2: 6043.00/6010.18 Low Nov 26 / 50-day EMA 
• SUP 3: 5970.25 Low Nov 21  
• SUP 4: 5921.00 Low Nov 19

The S&P E-Minis contract is unchanged. The outlook remains bullish and the latest shallow pullback is considered corrective. Recent gains confirmed a resumption of the uptrend. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. A resumption of the trend would open 6194.19, a Fibonacci projection. Initial support to watch lies at 6103.12, the 20-day EMA.

House Republican leaders indicated to reporters that the final text of a three-month Continuing Resolution to avert a government shutdown on December 21 will be released today. 

• House Speaker Mike Johnson (R-LA) told Punchbowl News: "One little final detail, I just talked to [House Minority Leader Hakeem Jeffries (D-NY)]. I think it's wrapped up, and we'll get text out today."
• House Majority Leader Steve Scalise (R-LA) said the text is coming “in the next few hours.”
• Punchbowl notes there was disagreement about the final shape of the deal in a Republican conference meeting this morning. Jason Smith (R-MO), the chair of the House Ways and Means Committee reportedly said "not true" in response to Johnson claiming the package was a collaborative process with committees.
• The disagreement could foreshadow a challenging start to the next Congress with Smith, the top tax writer in the House, already publicly opposed to incoming Senate Majority Leader John Thune's (R-SD) plan to divide President-elect Donald Trump's legislative agenda into two separate reconciliation bills, with tax reform to come in the second bill.  
• Permitting reform, that would speed the development of new energy infrastructure, is expected to be dropped from the CR. See bullet on Dec 13: US: Lawmakers Make Final Bid To Include Permitting Reform In Govt Funding CR
• Politico notes: "Despite optimism from the lawmakers involved, major obstacles that tripped up previous efforts to pass permitting legislation over the past three years were ultimately too difficult to overcome."

• On Block: SFRJ5 96.25/97.00cs, bought for 7 in 10.11k (ref 96.01, 5del).

This was also bought early last Week for 11, adding longs, now in around 60k.

Other trades include:

• SFRM5 96.56c vs 2QM5 97.00c, bought the front for 1 in 7k.
• 0QM5 97.50c, bought for 4.5 in 10k (ref 96.105 and 96.11, 8del).