1 A Song of Ascents. Out of the depths I cry to you, O LORD!
2 O Lord, hear my voice! Let your ears be attentive to the voice of my pleas for mercy!
3 If you, O LORD, should mark iniquities, O Lord, who could stand?
4 But with you there is forgiveness, that you may be feared.
5 I wait for the LORD, my soul waits, and in his word I hope;
6 my soul waits for the Lord more than watchmen for the morning, more than watchmen for the morning.
7 O Israel, hope in the LORD! For with the LORD there is steadfast love, and with him is plentiful redemption.
8 And he will redeem Israel from all his iniquities.
Here is truly the cry of the regenerate believer. Have mercy on me a sinner. Paul echoes this psalm in his declaration, that Christ came to save sinners of which he, Paul, is the foremost. (1Timothy 1:12-17)
The psalmist is well aware that a man’s salvation alone lies in the hands of a merciful and awesome God.
Verses 3 and 4 are compelling. If God holds our sins against us, then truly who can be saved? Yet with Him, i.e. in and through Christ, there is forgiveness so that “He may be feared”. Yes a forgiving merciful God is to be feared as He would be perfectly justified in judging all men as condemned and yet He saves many. Thus we work out His work, towards us and in us, with fear and trembling. (Philippians 2:12-13)
6 For while we were still weak, at the right time Christ died for the ungodly.
7 For one will scarcely die for a righteous person—though perhaps for a good person one would dare even to die—
8 but God shows his love for us in that while we were still sinners, Christ died for us.
9 Since, therefore, we have now been justified by his blood, much more shall we be saved by him from the wrath of God.
10 For if while we were enemies we were reconciled to God by the death of his Son, much more, now that we are reconciled, shall we be saved by his life.
11 More than that, we also rejoice in God through our Lord Jesus Christ, through whom we have now received reconciliation.
So the elect saints wait on the Lord longing for His return more than those who simply are holding the morning watch that look for sunlight. He is the light we long for.
Israel, the Israel of God, that is, the body of Christ, waits on the Lord, as in Him we see complete redemption including the redemption of our bodies on the great and glorious day of His return. (1Cor 15:51-58)
11 For the grace of God has appeared, bringing salvation for all people, (Rev 5:9-10)
12 training us to renounce ungodliness and worldly passions, and to live self-controlled, upright, and godly lives in the present age,
13 waiting for our blessed hope, the appearing of the glory of our great God and Savior Jesus Christ,
14 who gave himself for us to redeem us from all lawlessness and to purify for himself a people for his own possession who are zealous for good works.
Hebrews 9:28 so Christ, having been offered once to bear the sins of many, will appear a second time, not to deal with sin but to save those who are eagerly waiting for him.
The 130th Psalm is the truly the sound of the cry of the elect. (Luke 18:17)