I wrote this in my blog on the 2nd June:

"Today we are testing the upper resistance area of the Aus XJO 200 area on the daily chart. (Around the 4000 area)

This is as the US S&P is also at upper resistance at the 940 - 950 area and the 200 MA.

If you haven't forward planned your criteria for trading off key zones, now maybe the time to do so.

Breakouts, pump fakes and reversals will catch various traders forcing a scramble to cover.

As we can see from the 60 min chart price failed to break on the first 2 attempts with the 3rd attempt successful.

Notice the retest of the 4000 area which set up a nice risk/reward area.