The idea of a cyclical universe was seriously considered as a possibility until around 1998. Until that time there was a question about whether there was enough mass in the universe to slow down cosmic expansion, eventually bring it to a halt, and subsquently cause cosmic contraction resulting in a "big crunch". Scientists spent many years trying to determine the rate at which cosmiic expansion was slowing down in order to answer this question. The following quote describes what happened in 1998:
"As cosmologists continued to work with the notion of an expanding cosmos, they concluded that over the 12- to 15-billion-year life of the universe, the expansion would slow slightly, thanks to the pull of gravity that every galaxy exerts on every other. But spotting such a change requires probing deep into the past by looking at stars glittering billions of light-years away--too far away for Cepheids to be seen.
So for the past 20 years, astronomers have turned to a new kind of standard candle: the brightest kind of supernova, which happens nearly the same way each time. But these bright, massive explosions are rare--only two or three erupt in a typical spiral galaxy per millennium. To find enough of them, astronomers make electronic images of large swaths of sky in a single night, capturing tens of thousands of distant galaxies, and then image the same areas a few weeks later. Once the images are overlaid and subtracted on a computer, any new supernovae leap out and can be observed until they fade away.
The two teams, both of which have members in Europe, Latin America, Australia, and the United States, collected their supernova data with increasing efficiency over the last few years, expecting to find out by how much gravity was slowing cosmic expansion. Early this year, both teams announced that their expectations had been turned upside down: The relative dimness of the supernovae showed that they are 10% to 15% farther out than expected even in a universe with little matter, indicating that the expansion has accelerated over billions of years. At year's end, with dozens of supernovae analyzed, published, or in press, those conclusions stand."
I found this information here:
http://www.sciencemag.org/cgi/content/f ... 5397/2156a
In the absence of new observations contadicting the above it looks like the universe will continue to expand forever.
Chris