Based on the , the low on its last two positive gains, the recent failure to close above 530, and the fact that the stock needed three attempts to pierce resistance last time, I think its slightly more likely that the stock will stay in a channel between 500 and 530 before making one more successful push above resistance. Should the entire stock market surge or plummet unexpectedly on monday 3/7, I would expect cmg to follow suit over a few days either breaking above 530 or pushing down to its recent support at 500 or even 480.
The may be in the beginning stages of tightening (this is probably a premature call to make, but what the heck) - suggesting a large jump one way or the other is in the offing.
When chipotle does sustain a break above 530, its got virtually zero resistance until around 575 - which presents an opportunity for those who are in the longer term to try to pull in some profits (if it breaks within the next 1-3 weeks) prior to major economic news possibly shifting the market downward...
Hesitantly long on this stock right now- though I would be waiting for better signals in the histogram and a break one way or the other on strong