My wife and I were walking our dogs in a local park. I noticed a steady light in the sky. I then noticed that the whole object was changing color from white to yellow to orange to red, then back to white. It took about 30-45 seconds to go through all of its colors. I pointed it out to my wife. We both saw a smaller light drop from the object, it was visible for a second or two before it disappeared. When it dropped, it was the same color that the bigger object was at that time. The object was traveling very slowly from the east to the north. After about 2 minutes we lost sight of the object due to clouds. The object was at least 2 miles from us, possibly up to 5 miles. My wife thought it was a helicopter at first, but after It ejected the smaller object from the bottom and with how slow it was traveling with no sound, we concluded that it wasn't a helicopter. There were no flashing lights on it like regular aircraft are equipped with.
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