u/AlternativeSignal908

SMA, technical analysis, and market timing have all been pretty thoroughly debunked (EMH weak-form) by the academics for unlevered equity markets. What makes you think it works long term for levered equity products?

Yeah, momentum is a market factor, but it's a pretty weak one.

There's some academic support (AQR, etc.) for trend in commodity futures, but that's tied to premium paid by real commodity users for "insurance" (certainty of price over time).

Honestly want to know what the foundation is for SMA, etc. or whether this is just a return to technical analysis like it's 1990 all over again.