All atmospheric and oceanic indicators of ENSO are currently within neutral thresholds. However, sea surface temperatures have been increasing in the eastern Pacific Ocean and are now warmer than average for the first time since June 2016, while the Southern Oscillation Index (SOI) has been trending downwards.
Seven of eight international models surveyed by the Bureau indicate steady warming in the central tropical Pacific Ocean over the next six months. Six models suggest El Niño thresholds may be reached by July 2017. However, some caution must be taken at this time of year, with lower model accuracy through the autumn months compared to other times of the year.
http://www.bom.gov.au/climate/enso/wrap-up/archive/20170228.archive.shtml
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