Trading patterns

So, over the past 5 weeks or so we've seen a slide in SP disproportionate to the general market slide.
I had said that for some of the weeks in Jan the large single sell orders stacked on line after line felt like an insto exiting and was confirmed by mordja.
I attach broker data for the last 4 weeks.
You can see cannacord was the broker doing the selling damage, Instinet (Nomura) was also involved in net selling. TDA suggested Cannacord could have been acting for Wilson's asset management (but not confirmed, pls do your own research).
Well, you can see from the last weeks data that Cannacord has stopped its selling (possibly on behalf of Wilsons?) - and lo and behold, the SP is climbing again.
For the first few weeks of insto selling, retailers did a lot of buying, but eventually got panicked and then became the source of the selling at the bottom of the recent cycle (check out last week - broker data below), when smarter money was buying . Perhaps better to follow smarter money now ?