ericher69,
You asked: "Is there 2 detent Positions? Down and to the right?"
I can only answer as to what I have and it probably applies to your loader valve.
Moving joystick Left and Right - Pushing to the Right there is a second position, but one must push fairly hard to get it into this position. For those with snow blowers this second position is what is used to rotate the chute. If it is only pushed the right normally the chute does not rotate. Many 1st time users think there is a problem and don't realize it must be pushed to a second Right position.
Moving joystick Forward and Back (bucket or blade up and down) - Float you desire is activated by pushing forward past the normal operating range when using a FEL.
In essence there are two float positions, but I don't know if the one moving right is technically called a float.
Hope this address your question.