On the utility of lagging indicators in Asian equities

Been watching the general sentiment shift across some Asian equities lately, and it brings up an old debate for me. We're seeing some interesting moves, like $BRN down around 4.67% today, trading at 1.02. And then you look at something like $USLV, up over 1% on the day at 13.55. My take is that for real-time decision-making, particularly with the volatility we see in some of these markets, relying heavily on lagging indicators often feels like driving by looking in the rearview mirror. Price action, especially in intra-day ranges, tends to offer a more immediate read.

Now, I understand the argument for how indicators smooth out noise and provide context over longer timeframes. But when the market is moving quickly, I find myself trusting the raw price much more than, say, a MACD cross that's already well underway. Am I missing something fundamental here? Change my mind.