I have a 97 F150 with a E40D trans and all of sudden the trans stopped working. Its like I lost hydraulic power to clutches or the torque converter went out. It wont move in forward or reverse unless I put it on jack stands then the rear wheels will go in any direction that I want till I touch the brakes. I check the error codes only code that I found was P1500 continuous speed sensor. Then fluid level is good and still red. Any thoughts on the problem? Thanks