Passage
Thou art good and gracious: teach me thy statutes.
Thou art good and gracious: teach me thy statutes.
Psalms 119:66 Teach me good iudgement and knowledge: for I haue beleeued thy commandements.
Psalms 119:67 Before I was afflicted, I went astray: but nowe I keepe thy woorde.
Psalms 119:68 Thou art good and gracious: teach me thy statutes.
Psalms 119:69 The proud haue imagined a lie against me: but I wil keepe thy precepts with my whole heart.
Psalms 119:70 Their heart is fatte as grease: but my delite is in thy Lawe.
The verse centers on "thou", "good", "gracious", "teach", and "statutes". It is saying that the verse draws attention to "thou" and "good", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 67's "Before I was afflicted I went astray..." into verse 69's "The proud haue imagined a lie against...", so "thou" and "good" belong inside that flow. In Psalms context, the local focus is worship, trust, the LORD's kingship, and covenant mercy.
A plain takeaway is to answer the verse's own emphasis on "thou" and "good" with trust shaped by these words, not by a vague optimism outside the passage.