"There are some conclusions which the Holy Spirit would mark indelibly upon our minds. One of these is the fact that the mount Zion of John’s vision is not the literal, physical, earthly mount Zion. Look to the Middle East, to the mount Zion in the earthly Jerusalem. Do we see the glorified Lamb of God standing there? Has He ever been seen standing there at any time during the past two thousand years? Absolutely not! Nor is the Lamb of God going to stand visibly again in flesh on that earthly mount Zion. Why should He? “For ye are not come unto the mount that might be touched…but ye are come untomount Zion…the heavenly Jerusalem” (Heb. 12:18,22). Jesus Christ Himself is the chief cornerstone in the spiritual house of God raised up upon the heavenly mount Zion! “Wherefore also it is contained in the scripture, Behold, I lay IN ZION a chief corner stone, elect, precious: and he that believeth on Him shall not be confounded” (I Pet. 2:6). And again, “Why do the heathen rage, and the people imagine a vain thing? The kings of the earth set themselves, and the rulers take counsel together against the Lord, and against His Christ. For of a truth against Thy holy child Jesus, whom Thou hast anointed, both Herod, and Pontius Pilate, with the Gentiles, and the people of Israel, were gathered together. For to do whatsoever Thy hand and Thy counsel determined before to be done. He that sitteth in the heavens shall laugh: the Lord shall have them in derision. Yet have I set my king upon my holy hill of Zion. I declare the decree: Thou art my Son, this day have I begotten Thee” (Ps. 2:1-7; Acts 4:25-28). To this heavenly and spiritual mount Zion come the 144,000 who “follow the Lamb whithersoever He goeth.” Can we not see by this that the mount Zion that John saw in his vision was a “sign.” It signified, symbolized, the invisible heavenly mount Zion; and that is where the firstborn Son of God has been laid as the chief cornerstone! And it is there upon the heavenly, spiritual mount Zion that the 144,000 overcomers follow the Lamb!"
This is a great study on spiritual Zion:
"To correctly unlock the great revelation and reality of this mount Zion we need to go back and look at the shadow. Zion is a special place with distinctive associations. It was that part of Jerusalem which was considered impregnable and was held anciently by the Jebusites. After the death of Saul all the tribes of Israel came to David at Hebron where “King David made a covenant with them” (II Sam. 5:1-3). Following this, David and his men went to Jerusalem where “David captured the stronghold of Zion, that is the city of David” (II Sam. 5:7). It was with the deepest satisfaction that David acquired mount Zion, for it was a most strategic fortress. Immediately he built thereon a palace and many public buildings, his joy in Zion increasing with the progress of the work. David ordered that the ark of the covenant be brought to Zion from the house of Obed-Edom; and with much ceremony the ark was brought up to mount Zion and deposited in the beautiful silken tent which David had prepared for its reception, and where it remained until the building of the temple. God’s presence, God’s glory, God’s king, God’s governmental people were all concentrated on mount Zion. The Psalms of David are rich in expressions of joy and pleasure in Zion, not only on David’s part, but more importantly on God’s part. “Great is the Lord, and greatly to be praised in the city of our God, in the mountain of His holiness. Beautiful for situation, the joy of the whole earth, is mount Zion, on the sides of the north, the city of the great King. God is known in her palaces for a refuge…let mount Zion rejoice…walk about Zion, and go round about her: tell the towers thereof…for this God is our God for ever and ever” (Ps. 48). The magnificent vistas presented on all sides; the beauty of Jerusalem on the opposite hill across the valley, and beyond on the east side of Jerusalem the mount of Olives. However, Zion was more than a geographical locality, it was a combination of divinely designed ingredients which made it not only the city of David, but truly the “city of God” (Ps. 87:3)."
"“They that trust in the Lord are as mount Zion, which cannot be removed, but abideth for ever” (Ps. 125:1). These words are far too potent and full of meaning to be read over carelessly or laid aside to be forgotten. These precious words reveal to us the great truth that Zion represents stability. In the natural, mountains and hills give us the impression that they cannot be moved. Nations may change, governments change, laws change, customs change, people change, places of position and habitation change, but when one gazes upward towards the mountains they give the impression of having always been there and of their being there ever afterwards. Their stability and immovability formed the basis for Jesus’ teaching about the omnipotent power of faith — faith that can do the impossible — faith that moves mountains! Humanly speaking, mountains just do not move. And in such stability and steadfastness there is strength. Is that not the reason that mountains are used in the scriptures to signify kingdoms, government, governmental authority and power. Hence the person who trusts in the Lord is like mount Zion — he receives a kingdom that cannot be moved and he, like the mount of God, is immovable, steadfast, and stable. To reign with Christ in the kingdom one must be stable, otherwise he will be tossed about by every wind that blows and every wave that billows. His reign would not be that of an IMMOVABLE KINGDOM!"