In my case, I am rebalancing and buying. So with sell trades...

In my case, I am rebalancing and buying. So with sell trades quantity almost equal to buys (with buys being higher), and most certainly more trades than usual.

The scaredy-cats might sell and stay out of the market for a while, but the people who rebalance should be good for SWF. Usually these people would mainly place buys, but rebalancing is about double as many trades, selling and buying both.

ASX suggests 2x more trades than usual right now. Not sure if ASX release a number showing whether it's selling or buying, but every trade needs a person on the other side to match it anyway. Though SWF's 'retail' clients could have a tendency toward buying or selling at the moment, different than the overall market (different than instos or super funds etc).