Does VIX Mean The Rally Is Out Of Steam?


I have been keeping a watchful eye on the volatility index for some time, in an attempt to determine the timing of the next leg down.  It has bounced off the 200 day MA twice now in the last month. 

Will the markets respond over the next few days with downward movement and increased volatility?

Or will VIX break below the 200 day MA as markets creep upward toward 1110?