The entire market. Because the most important thing to an individual investor is his or her specific portfolio. Once you have established to your satisfaction that you are either in a bull or bear market, then you can trade accordingly. Deciding where you think the market is going to go is an important first step because you need to think and act differently in a bull market than you do when you expect the market to be bearish. Naturally, every type of analyst tries to predict the future.
Fundamentalists focus on the earnings of companies within specific sectors.
They try to explain whether a company is overvalued or undervalued relative to itself, to its peers, and to the overall market. We search for recurring price patterns, and increases or decreases in volume. This dictum is absolute. It implies that someone out there knows more about the company in question than we do. If enough investors want a specific stock, or the market in general, to go higher, it will, regardless of what any one individual thinks is right.