My brother and I were stopped at a red light along I-10 East frwy and N. Wayside dr. headed SW when we noticed an orb light located close to the sun. We thought it was a rainbow being rejected with light from the sun. He then began to take pictures when the light started to reflect and flutter slowly. It looked almost transparent but covered amidst an array of rainbow lights. I got an eerie feeling as if we were being watched and studied. It just hovered. Not long after we began to see white streams of jet lines in the sky just adjacent to where the light was. There was a series of white cloud lines on a crystal clear day. The orb was in clear view of the public because the person in the car next to us looked at what we were looking at and began taking pictures too. When the light changed we proceeded onto the frwy and drove toward the sunlight. I think the jets scared it away.