Technical Indicators Point to Potential Bottom for Stocks, But More Confirmation Needed

Technical indicators hit "oversold extremes" on Tuesday, signaling a potential short-term low

Katie Stockton sees key support for S&P 500 at 200-day moving average of 4,203 and 4,180-4,195 range

When similar oversold signals flashed in June, S&P 500 bounced back with 18% relief rally

However, Stockton wants to see more evidence of a low like S&P 500 stochastic indicator rising above 20%

If S&P 500 tests support and rallies, Stockton sees resistance around 4,460, about 5% above current levels