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
RL Ultimo Coils, Status Gruppe links, Meyle CA(B)'s, 95a RTAB's, UUC 5sp Mounts, BMW Performance SSK, Jaffster, headers, CAI.