traction system light and abs light comes on on 2004 Chevrolet Monte Carlo

traction system and abs light comes on

Asked by for the 2004 Chevrolet Monte Carlo
Both lights being on are likely to be caused one sensor failure that is shared by both traction control and the anti-lock brake system. Could possibly be a failed wheel speed sensor.
i have 2001 monte carlo ss-turn traction off when i start-lately it dings & says service traction system & abs lite on and more recently the emergency brake lite on. i always pull over & restart when brake lite on. could this still be failed wheel speed sensor????
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