Here is an updated chart of the NF March showing the sell off which began at 5680 in the NF March future.
Our last post on this subject was here
Yesterday's big upmove was terminated at exactly this declining vwap line as you can see in the chart above.
The seller took over from that point.
At 5230 the market is one standard deviation away from this declining vwap line and the trade currently playing out is a normal reversion to the mean set-up.
But the seller still sits up and as long as price stays below that declining line, he will continue the selling.