Jeep trans problem

It doesn't look burnt, it looks light pink more than red, it looks thinned if you know what I mean. I didn't actually smell it but there wasn't a burnt smell lingering or I would have noticed. And no it isn't slipping, she said it was running perfectly but the light came on.

Does it look milky pink like pepto bismol? If it does, the transmission cooler in the radiator might be compromised letting coolant into the transmission.