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Yes, this shows you are getting a refund, but it also shows that there is a temporary hold on the account for an unspecified reason and an unspecified period of time. 

We can't say. processing of your return is pending. The IRS might make changes, request more info, accept the return as filed or even open the return for audit

 Code 570 suggests that an account was frozen due to an issue that prevents the IRS from processing a tax return and issuing a refund. In other words, this code may indicate you’re facing an audit. In most cases, the IRS won’t disclose the reason why Code 570 was added to an account until the issue is resolved.