You already have a very nice answers and commentsanswer, just let me point out that you probably have already seen this effect at work: sometimes very fast-moving wheels seem to move in reverse.
The flow in the fountain is not reversed, the droplets are falling. However, if you create a "periodic" system of droplets (in fact there are several droplets that are almost equally spaced), you can use the illusion given by the " wagon wheel effect ". After all, the periodic system of droplets is just aan "unrolled cycle"wheel" and the effect is due to a "samplingsampling error of a periodic signal"signal (every time the stroboscope light switches on your eyes take a "snapshot" of the droplet's actual configuration).
Here you can play with a periodic signal and see what happens when you modify the sampling rate.
NoteNote#1: also the neon lamps have a discharge frequency of ~50 Hz, so they can create a stroboscope effect, thus, any. Any machinery rotating at multiples of this frequency may appear to not be turning. This and this can creategive rise to safety problems in factories.
Note #2: if you really want to levitate water droplets, you may use something like an acoustic levitator.