Is this psalm looking forward to Christ? Is it speaking of something in David's life or one of the Festivals? Or is it a generic praise for God making all days or something else?
ESV - 24 This is the day that the Lord has made; let us rejoice and be glad in it.
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Although certain portions of this psalm (such Psalm 118:22-23) have a future prophetic relationship to Christ (in addition to their meaning in the context of the psalm itself), and Psalm 118:24 could also be read in that light, I view Psalm 118:24 more in connection with the day of deliverance from his enemies at the time the psalm was written, for which the psalmist is giving thanks to God in Psalm 118:10-13, as well as in Psalm 118:21, since it seems apparent that the psalm relates to very real difficulties that the psalmist himself was experiencing. While some messianic prophecies in the Old Testament clearly seemed to have application only to future events (Isaiah 9:6-7 or Micah 5:2, for example), multiple other Old Testament passages that can be interpreted as prophetic of events in the future life of Jesus just as clearly appear to also have dual significance or connection to events in the life of the author at the time that the passages themselves were written, with Psalm 22 (in my estimation) being one of the most striking examples.
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