This isn't even an event where you would say the potential wasn't realized, to be reached at another time. A lot of people are wrong about Nino 1.2. It, this event, seems to be part of a global progression, it seems to me. So we break +0.5c in Nino 3.4 and Nino 4 the last few days of May going into June.. maybe we'll do a Moderate event max. (It still seems that there is potential energy for a 2-year El Nino signal.)
Another thing I wanted to make note of, is how the SOI seems to correlate to the N. Pacific pattern minus all the noise, or clutter in other indicators. A pretty good #1 indicator, imo, at least right now, unless you can find a better one.