Yep but did you get the far more important comment?
"No rate cuts for two years". Which sets up my (admittedly) distant option 2 as now the primary option... one final bull market before the secular bear, and the preservation of the ridiculous 4yr cycle for better or worse.
2023 is confirmed as a 2019 building year. 2024 can be the fakeout to breakout 2020. 2025 (with rate cuts at some point) as the parabolic blowoff 2021.