Unfortunately, it means that your application has been completed, but the computer scored your application as being uncompetitive. You won’t be able to update it this year, but should reapply January 1, 2021. In the mean time if you are close to any potential cutoffs (2,000PIC, Masters degree, or whatever) try to hit them before your next application is filled out. There are no updates possible once it is completed for the calendar year. Good luck.