bear market definition, and where we are in the process

Seems like a good time to update the bear market chart, using my favorite definition, sequential closes below the 20 month EMA (can be applied to anything). A long enough period of sideways eventually also gets "bear market" designation, later in the game. Meanwhile, in up-down terms, this IS NOT a secular bear market, measured in (devalued) US Dollars. Not yet anyway.