Basement insulation

Unfortunately hurricane Sandy forced me into a complete basement remodel. My basement has a poured concrete foundation which I would like to spray with Ames Blue Max while I have everything exposed. After applying the blue max (which forms a vapor barrier), what kind of insulation would everyone suggest? Should I use a rigid foam? The basement usually stays dry, the only way I got water in was because my Whole neighborhood flooded and our sewers backed up.

Thank you in advance