The traction control warning lamp should blink on the dash if the traction control is actually activating to reduce power. You could have another problem that is causing this and mistaking the traction control as the problem, if the dash doesn't blink while the power is being reduced, I'd suspect its something other than traction control.
Try turning off the traction control before repeating this next time, if that solves the problem, good indicator its the traction control. If it doesn't likely its NOT the traction control, but its still possible. Turning off traction control with the button, only turns off some of the functions, NOT all. Check the owners manual, there is a way to turn off even more traction control functions by pressing and holding the 'off' button while in park with the engine idling.
Doing the key dance or hooking up an inexpensive code reader will only provide you the gov mandated OBDII codes, there are hundreds of other codes NOT mandated by OBDII that you need a Chrysler proprietary and expensive code reader to read those codes. (all the manufacturers do this, to force people back into the Dealerships for diagnostics and repair). In short, unless you had the Dealer or a Shop with a very expensive code reader check for codes, they may be there even though you can't see them. Usually, if you have a problem with the system, a warning light for ABS/BAS or Traction Control will light steady on the dash.
If you have oversized wheels and/or tires, that will mess up the math of the ABS/BAS/Stability Control/Traction Control and cause unexpected reactions. The electronic modules that control this can be programmed with the new tire diameter to correct the math and keep the ABS/BAS/Stability Control/Traction Control working correctly.
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