I watched the object from my binoculars. It was barely visible by the naked eye. It was slowly moving from the north down to the south. It took about 15 minutes for it to get directly over my head before I lost it. My estimate was that it was around 6,000'. It was moving around in a circular (counter clockwise) motion. The object seems to show some color (red/green) in some areas. At the mid section of the cone was the densest where it extended up to a rounded point. Bottom had a thin straight rod hanging down. There were no lights on it or sound made by it.At first I thought it was a funny looking drone but the movement suggested it was not. Then I thought it could be a clump of balloons. I could not rule that out 100%.The object did not deviate from its trajectory before I lost sight of it.