Fundamentals will show the investor the health of a company, earnings, cash flow, dividends, balance sheet, etc., and are the basics for long term investing, but it won't show the investor where to enter his positions.
On the other hand, technical analysis is the only tool that will tell you when and where to buy or sell a stock.
It is the perfect tool for day traders, specially the ones trading the S&P 500 as you know that you are trading a poll of the 500 biggest companies in the USA, so fundamentals aren't that important.
So I'll leave all the fundamentals chit chat to the economists and CNBC talking heads and concentrate on the technicals for my day trading.
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