As the El Niño continues to weaken, colder than normal water is starting to emerge in the eastern Pacific Ocean where unusually warm water previously resided.  This is a sign that the El Niño will soon be gone, although the process for  declaring it ended usually takes several months to make sure that the event is over.  Climate.gov has a post on this here.

 

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The latest forecasts for what happens next show the very high likelihood of a La Niña occurring, perhaps as soon as mid-summer.  Keep in mind that a new event is not declared until 4-5 months of La Niña conditions are consistently present, so we can often seen the effects before the new event has “officially” started.

iri mid may 2016 enso forecast