In this paper, we focus in a subcategory of spatial indexes named Point Access Methods. These indexes are designed to solve the problem of indexing points. We present a new index structure designed for main memory that keeps a good trade-off between the space needed to store the index and its search efficiency. Our structure is based on a wavelet tree, which was originally designed to index the characters from a text, but which has been successfully used to build self-indexes in areas like information retrieval or image compression.