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

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traction system and abs light comes on
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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????
thanks