When i start my car, the ABS and traction lights are on. However, when driving down the street, the traction will turn on (basically as soon as i back out of my drive way and put it into drive), even tho the street is completly fine (ie: traction doesnt need to come on). Then, when i put the brakes on the first few times, the ABS pumps. After a few sessions of traction turning on and abs turning on, they stop making noise all together and the Traction Off and ABS lights come on. Does this sound like a wheel sensor problem or something else?

Thanks for your help, as always

The wheel sensor sounds like the culprit. You may have sensor that has come unplugged or a wire has been damaged. Time to pop some tires off and a drop light and give it a good inspection.

Check the connections on the WSS on each wheel. They might be corroded. There is also a chance the sensor is going bad.