Yeah for my lights, the red light means oil pressure sensor might be bad, but with the traction light I'm really not sure.. nobody seems to know that. I've literally never found anything on it except for a thread I found, which was made by my vehicle's previous owner. Never solved obviously. Haha.
Sent from my DROID RAZR MAXX
Koni STR.T, poly RTABs, headers, SSK.
Three Pedals, ZSP.