This psalmist waits and hopes for Yahweh. His soul waits and hopes in the word of Yahweh. This waiting is greater than those who wait for the morning sunrise, a phrase that is mentioned twice so as not to forget it.
Psalm 130 is another in this series of pilgrimage songs or psalms on the ascent to Jerusalem. However, this is more a penitential psalm that cries from the depths of despair. This psalmist cried out to Yahweh. He wanted Yahweh to listen. He wanted Yahweh to have his ears attentive to his prayers of supplication.