I let the dog out and looked out the window and noticed a bright Red object in the eastern sky. It was unusual to me because the light was brighter and did not flash as a plane would. When the object moved horizontally to the left at a high rate of speed and turned green, I called to my Wife and as soon as she seen the object she called our son. We all agreed this way definitely something unusual. Our son tried to get a picture on his phone but was unable. Stationary Red Circular object was observed in the eastern sky. After a few minutes it moved horizontally to the left at a high rate of speed then stopped and turned Green. Object then zig zagged and moved back to the area it was first spotted, turning to a red color. A few minutes passed and the object turned green and dropped out of sight. Before the object dropped, we noticed two drone planes flying past us in a northwesterly direction at a low altitude.