A very important point for you and me to learn, is in this Psalm; that the wonderful position every believer is in, is greater than the best circumstances a person could be in on this earth. We might think that when everything is quiet, a nice job, happy marriage, good health and so on, that that is true happiness. But Scripture reminds us in 1 Peter 3:14 that there is a happiness which is ours when we’re in opposite circumstances — suffering. So we realize that the Lord has left us an example in His own life of sorrow (1 Pet. 2:21).
V.1-3 A soul who has everything out before the Lord and confesses it to Him, is conscious that he (she) has been lifted up out of the pit.
V.4-12 Even after we have felt we are forgiven, we might be careless again and become depressed. Verse 10 shows us the Lord still hears. This will humble us, but He still hears when we confess to him. (Read 1 John 3:20-21).