It is taken by Peter and the first part of verse 22 is directly applied to those who killed Christ by crucifixion (Acts 4:10) and verses 22b-24 is directly applied to God's response to their act by later resurrecting Christ from the grave (Acts 4:10-11).
Note the parallel repetition:
1. "This is the Lord's doing...."
2. "This is the day which the Lord hath made"
The Hebrew term "made" is the very same Hebrew term used to describe the observance of the fourth commandment as a day "made" by the Lord to be observed. However, the day in question in Acts 4:11 is the resurrection day or "the first day of the week" (Mk. 16:2,9; Lk. 24:1,7,13,21).
Psalm 118:20-24 (KJV)
20 This gate of the LORD, into which the righteous shall enter.
21 I will praise thee: for thou hast heard me, and art become my SALVATION.
22 The stone which the builders refused is become the head stone of the corner.
23 This is the LORD'S doing; it is marvellous in our eyes.
24 THIS IS THE DAY which the LORD hath made; we will REJOICE AND BE GLAD in it.
Psalm 118 does not say anything about a new covenant day of rest. Not even close
REV.22 [14] Blessed are they that DO HIS COMMANDMENTS, that they may have right to the tree of life, and may ENTER IN THROUGH THE GATES INTO THE CITY.
Theres the gate that the righteous will enter [Psalm 118 {20}]. You would like it to say do all my commandments except the 4th. But it doesnt
Isaiah 25:7-12 (KJV)
8 HE WILL SWALLOW UP DEATH IN VICTORY; and the Lord GOD will wipe away tears from off all faces; and the rebuke of his people shall he take away from off all the earth: for the LORD hath spoken it.
9 And it shall be said IN THAT DAY, Lo, this is our God; we have waited for him, and he will save us: this is the LORD; we have waited for him, we will be GLAD AND REJOICE in his SALVATION.
Psalm 118 {salvation – the day – glad – rejoice}
Isaiah 25 {salvation - that day – glad – rejoice}
But its not speaking of a sunday as you claim. Its speaking of a day that will happen as “death is swallowed up in victory”
1COR.15[50] Now this I say, brethren, that flesh and blood cannot inherit the kingdom of God; neither doth corruption inherit incorruption.[51] Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed,[52] In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and WE SHALL BE CHANGED.[53] For this corruptible must put on incorruption, and this mortal must put on immortality.[54] So when this corruptible shall have put on incorruption, and this mortal shall have put on immortality, then shall be brought to pass the saying that is written, DEATH IS SWALLOWED UP IN VICTORY.
Just to be clear....this is not about a rapture to heaven. Its the beginning of the Day of the Lord.
Ezekiel 39:8 (KJV)
8 Behold, it is come, and it is done, saith the Lord GOD; THIS IS THE DAY whereof I have spoken.
Jeremiah 46:10 (KJV)
10 For THIS IS THE DAY of the Lord GOD of hosts, a day of vengeance, that he may avenge him of his adversaries: and the sword shall devour, and it shall be satiate and made drunk with their blood: for the Lord GOD of hosts hath a sacrifice in the north country by the river Euphrates.
Psalm 118
24 THIS IS THE DAY which the LORD hath made; we will REJOICE AND BE GLAD in it.