Stepped out on the porch and I thought it was the North Star it was so bright. Then realized I was facing east where the sun comes up in front of my house. I then noticed the light moved. Sometimes slightly but a couple of times rather quickly and would change direction. My fiancé brought out binoculars and I then saw through the binoculars what looked like the object come apart into 2 circles and then merge back together. The object/light was pretty high in the sky but there were no clouds. The object may have spun about a couple of times but I couldn't be for certain as it was far away. I have been looking outside periodically and a after approximately 2 hours, it is still there, but has progressed more toward the south. I am quite nervous with it being within view of my house and think I could be in shock as I can seem to think of little else and I continually go outside to see where it is.