CMG entering a stage 4 downtrendChipotle Mexican Grill, Inc.BATS:CMGRowdyRowdyCMG may have entered a stage 4 downtrend.The price has reflected sharply off the 200 daily moving average and busted rapidly on enormous volume to the low of the previous volume base formed from the week of March 10th to the week of June 9th. The 200 daily moving average has turned over and is sloping downward, alongside the 50 daily moving average. CMG has demonstrated poor relative strength (SPX). The consumer services sector remains in generally good condition, and there are large market caps that are showing strength and performing well in it. There are also many large market caps in the sector that have transitioned out of their respective stage 2 advances, and have started stage 3 distributions and stage 4 declines. Although MCD, the largest market cap in the restaurant industry, continues to perform very well- most of the stocks in the industry have begun to roll over into stage 3 distribution ranges and stage 4 declines. A short entry in CMG was made at ~$55, and more will be added to this position between $47.50 to $50 if the price corrects back to this level.