If the IWM Robot is long, XLU (long).

If the IWM Robot is short, XLF (short).

Current theoretical location in business cycle per sector relationships: Market top to early bear.

Current theoretical location in business cycle per yield ratio model: Market top to early bear.

I think we should keep in mind that a bear has much faster volatility and sector gyrations than a bull. Eventually the volatility ends up driving people to the sidelines, leading to a slow decline that only ends with a panic washout.

I'll be watching the Robot VERY closely.