The 150 & Bronco have a different combination valve than the bigger 250 and 350 brethren.
There is a plunger to depress or pull out (depending)
But, if a firm stab of the pedal has put your light out then the shuttle has re-centered, and whichever system lost pressure is now open again.
Jim,
Lil'Red is a '87 F250 HD, 4.10's, 1356 4x4, Zf-5, 3G, PMGR, Saginaw PS, desmogged with a Holley 80508 and Performer intake.
Too much other stuff to mention.