S&P 500 a Buy?

I do not generally trade the indexes. I thought the set up for this and others looked good for a buy yesterday. So far, so good ....but who knows.

http://downrivertrader.squarespace.com/the-view/sp-500-a-buy.html

Interesting as ever DRT especially given the +30pt potential....

For me I'm looking near term at the laggards globally - sometimes Asia misprices and there are arb opps.

If we could see 1420 then Japan is tooooooooo cheap right now and for the next few days... as short term trader.

But what do I know ?

Thanks for analysis