Matthew Henry Commentary Psalms 130:5-8

"I wait for Jehovah, my soul doth wait, And in his word do I hope. My soul [waiteth] for the Lord More than watchmen [wait] for the morning; [Yea, more than] watchmen for the morning. O Israel, hope in Jehovah; For with Jehovah there is lovingkindness, And with him is plenteous redemption. And he will redeem Israel From all his iniquities." — Psalms 130:5-8 (ASV)

It is for the Lord that my soul waits, for the gifts of his grace and the working of his power. We must hope only for what he has promised in his word. Like those who wish to see the dawn, being very eager that light would come long before day; but still more earnestly does a good man long for the tokens of God's favor and the visits of his grace.

Let all who devote themselves to the Lord cheerfully rely on him. This redemption is redemption from all sin. Jesus Christ saves his people from their sins, both from the condemning and from the commanding power of sin. It is plentiful redemption; there is an all-sufficient fullness in the Redeemer, enough for all, enough for each; therefore enough for me, says the believer.

Redemption from sin includes redemption from all other evils; therefore, it is a plentiful redemption through the atoning blood of Jesus, who will redeem his people from all their sins. All who wait on God for mercy and grace are sure to have peace.